Friday, November 14, 2008

Can Democrats Get to 60 by Winning Senate Races in Alaska, Minnesota, and Georgia?

Whoa - I spoke too soon. They are blatantly stealing Minnesota; the Alaska numbers strongly suggest massive, unprecedented fraud; and even Georgia could fall if the leftists can focus all their resources on it (most states STILL have overwhelmingly democrookic local organizations, even after all these decades). Oregon fell the day after the election, so the socialists currently stand at 57, not 56.

IF they get 60 votes - the America you and I have known our entire lives will be gone for a generation, at the very least. Say hello to Union thugocracy, and goodbye to Rush Limbaugh. Say hello to socialist medicine, and goodbye to our role in the world as guarantor of world peace.

Thank God Ronald Reagan didn't live to see this day. Pray for one small victory that could save our nation. Pray for Saxby Chambliss in Georgia...T


In my column written the day after the election, I wrote that the Democrats had fallen short of the 60 seats they need to stop a filibuster in the Senate. I may have spoken too soon. In Alaska, Democrat Mark Begich has taken the lead over Republican incumbent Ted Stevens in the early counting of absentee, early, and challenged votes. At last count, Begich was 814 votes ahead. Begich had a big lead in those tallies—evidence of the effectiveness of the Obama campaign, which was targeting Alaska until John McCain named Sarah Palin as his running mate. But the counting may not entirely favor Democrats. Not until next week will ballots from Anchorage be counted, and Anchorage typically is more Republican than the rest of the state.


Meanwhile, we await the final count from Minnesota, where Republican incumbent Norm Coleman is only 206 votes ahead of Democrat Al Franken. A good place to keep up with that is the Powerline blog. And here are some other links, from Marc Ambinder of the Atlantic. And on December 2, Georgia will have a runoff election because Republican incumbent Saxby Chambliss got 49.8 percent of the vote on November 4, just short of the 50 percent required to win without a runoff. The Obama campaign has kept its offices busy working on this project, although it's not clear whether Obama, who didn't campaign much for other Democrats this year, will personally campaign. The Obama campaign did a terrific job of increasing black turnout in Georgia, and so a victory for Democrat Jim Martin is a lively possibility.

The results in these three races could make an enormous difference in public policy. With 60 votes in the Senate, Democrats will probably pass the card check bill designed to abolish secret ballots in unionization elections. The likely result: a sharp rise in the 8 percent of private-sector employees represented by unions. We can see the difference this can make by looking at another issue that's being debated: the Detroit Three auto bailout backed by Barack Obama and Democratic congressional leaders (the subject of my forthcoming Creators Syndicate column). Why are the Detroit Three in such trouble? Well, the lavish healthcare benefits negotiated by the companies and the United Auto Workers mean that total compensation paid workers by the Detroit Three is 52 percent higher than Toyota's and 132 percent above the U.S. manufacturing average. Is this what we want for large swaths of the private-sector economy?
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Sunday, November 09, 2008

How to Block the Liberal Agenda

The important number to take away from this election was not Osama's electoral total. No, it is the number 56. That is the maximum number of senate seats the democrooks can achieve after recounts and runoffs, realistically. They have no chance at 60 at all.

This effectively means we can block card check, fairness doctrine (hush Rush), and the most radical leftist "reforms" these thieves have planned for us. A warning though - watch to see if Osama tries to impose "hush Rush" through administrative action.

Things aren't yet as bad as they seem...T

Washington, meet Barack Obama. Barack Obama, remeet the Republican senators who are now going to help define your presidency.

Democrats won big on Tuesday but not big enough. The voters' rebuke of the GOP was brutal, though not so cruel as to hand Mr. Obama and Senate Majority Leader Harry Reid the 60 votes they needed to grease a sweeping agenda. The GOP still owns a filibuster, and that is as big a factor in this new "era" as is our president-elect.

Democrats, who now officially own 55 seats, are still salivating over that distant 60. But Alaska Sen. Ted Stevens is holding on, and Georgia's Saxby Chambliss is positioned to win a run-off. Norm Coleman in Minnesota is in for an ugly recount, but he starts with a lead. If Mr. Reid goes postal on the McCain-supporting Joe Lieberman, Republicans could also find themselves with occasional help from the liberated Connecticuter.

These numbers aren't an accident, but instead say something about America's interest in a check on the Democratic majority. Mr. Obama won Oregon by 15 percentage points, yet thousands of his own supporters pulled the lever for Republican Gordon Smith, who lost narrowly. In Minnesota Mr. Obama won by 10, yet Mr. Coleman leads. Alaskans appear to have voted for a felon in part to deny the left a supermajority.

The biggest Republican victory this week was in fact that of Minority Leader Mitch McConnell, whose considerable tactical skills will now be in even greater demand. Democrats have a healthy fear of Mr. McConnell's abilities, one reason Chuck Schumer chose to divert $6 million into the long-shot Kentucky race, rather than keep it in say, Minnesota, where his boy Al Franken is now losing.

Mr. McConnell's strength has been putting up a principled opposition, without earning the reputation for Tom Daschle-like obstruction. And from the sounds of his opening statement this week, his game plan is the same, only with higher stakes. Mr. McConnell "stands ready" to hear Mr. Obama's "ideas for implementing his campaign promises of cutting taxes, increasing energy security, reducing spending and easing the burden of an immense and growing national debt." Note he is not standing ready to negotiate on eliminating union secret ballots, nationalizing health care, enacting a climate program, or over-regulating the financial industry.

Nevertheless, Mr. Reid is closer to 60 votes than he was before, and he is already strategizing about which Republicans to pick off on specific issues. At the top of every list is Maine's Olympia Snowe. Pennsylvania's Arlen Specter is up for re-election in 2010. Susan Collins and Mr. Coleman (should he return) will also be targets. And Mr. McConnell will have already lost those battles for which he was dependent on a veto, such as more funding for the State Children's Health Insurance Program.

Then again, the minority leader has several things going for him. Congressional Democrats will overreach, as they are already doing. (House liberal Henry Waxman is moving to unseat fellow House liberal John Dingell -- who he doesn't find liberal enough -- from the Energy and Commerce committee.) This means tension with a President Obama, who may not be so eager to throw out his "bipartisan" image on Day One. Republicans can sit back to watch that fight.

Democrats also can't depend on President Bush to save them from themselves. All but one of Mr. Reid's 51 caucus members voted last year to proceed with legislation eliminating union secret ballots, and all 50 knew it would never become law. Mr. McConnell has his own list of vulnerable Democrats who he -- with the help of the business community -- will remind of the electoral consequences of enacting a measure hated by 80% of the country, according to polls. Maybe Nebraska's Ben Nelson, who hails from a right-to-work state, will vote to allow his constituents to be bullied by union thugs. Or, when it comes down to it, maybe not.

Mr. Obama and his party are meanwhile now the sole political proprietors of a major financial crisis. Revenues will contract, even as Mr. Obama promises tax cuts. That alone may temper ambitions on issues like health care, which Democrats may now have to approach piecemeal. But also expect to see the GOP rediscover a devotion to fiscal responsibility. Any Democratic proposal, for anything, will elicit howls of "deficit spending." Some Republicans are actually looking forward to January.

And let's not forget that the left has spent eight years helpfully showing Republicans how they might make life difficult. Democrats have insisted a filibuster for judicial and cabinet positions is "essential" and that a president "must" consult with the opposition. Mr. Obama himself voted to filibuster Bush picks. They don't call these things "precedents" for nothing. Democrats have also highlighted procedural tools that the right could now use to slow Senate business to a slug's pace.

So yes, it is a new day in Washington. Just don't go thinking it will be an easy one.
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Wednesday, November 05, 2008

The Treatment of Bush Has Been a Disgrace

So it's time to congratulate President-Elect Osama. The democrats, the media, and the left all did the same after Bush was elected in 2000 and 2004, so....oh wait a minute - no they didn't! I seem to recall that he was called a murderer, a thief, a brain dead moron, and a Machiavellian evil genius among other vile and hateful names (how exactly is one both a moron AND a Machiavellian at the same time?).

Why they even rooted openly for our country to lose a war, purely for partisan political benefit, as well as claiming that Bush was responsible for the attacks of 9/11 themselves as a means to confiscate Mideast oil for his rich cronies.

No, we don't wish Osama ill, or root for his failure. But if he and this congress have difficulty governing, it will be due in large part to the bitter harvest they have sown these last 8 years...T

Earlier this year, 12,000 people in San Francisco signed a petition in support of a proposition on a local ballot to rename an Oceanside sewage plant after George W. Bush. The proposition is only one example of the classless disrespect many Americans have shown the president.

According to recent Gallup polls, the president's average approval rating is below 30% -- down from his 90% approval in the wake of 9/11. Mr. Bush has endured relentless attacks from the left while facing abandonment from the right.

This is the price Mr. Bush is paying for trying to work with both Democrats and Republicans. During his 2004 victory speech, the president reached out to voters who supported his opponent, John Kerry, and said, "Today, I want to speak to every person who voted for my opponent. To make this nation stronger and better, I will need your support, and I will work to earn it. I will do all I can do to deserve your trust."

Those bipartisan efforts have been met with crushing resistance from both political parties.
The president's original Supreme Court choice of Harriet Miers alarmed Republicans, while his final nomination of Samuel Alito angered Democrats. His solutions to reform the immigration system alienated traditional conservatives, while his refusal to retreat in Iraq has enraged liberals who have unrealistic expectations about the challenges we face there.

It seems that no matter what Mr. Bush does, he is blamed for everything. He remains despised by the left while continuously disappointing the right.

Yet it should seem obvious that many of our country's current problems either existed long before Mr. Bush ever came to office, or are beyond his control. Perhaps if Americans stopped being so divisive, and congressional leaders came together to work with the president on some of these problems, he would actually have had a fighting chance of solving them.

Like the president said in his 2004 victory speech, "We have one country, one Constitution and one future that binds us. And when we come together and work together, there is no limit to the greatness of America."

To be sure, Mr. Bush is not completely alone. His low approval ratings put him in the good company of former Democratic President Harry S. Truman, whose own approval rating sank to 22% shortly before he left office. Despite Mr. Truman's low numbers, a 2005 Wall Street Journal poll found that he was ranked the seventh most popular president in history.

Just as Americans have gained perspective on how challenging Truman's presidency was in the wake of World War II, our country will recognize the hardship President Bush faced these past eight years -- and how extraordinary it was that he accomplished what he did in the wake of the September 11 attacks.

The treatment President Bush has received from this country is nothing less than a disgrace. The attacks launched against him have been cruel and slanderous, proving to the world what little character and resolve we have. The president is not to blame for all these problems. He never lost faith in America or her people, and has tried his hardest to continue leading our nation during a very difficult time.

Our failure to stand by the one person who continued to stand by us has not gone unnoticed by our enemies. It has shown to the world how disloyal we can be when our president needed loyalty -- a shameful display of arrogance and weakness that will haunt this nation long after Mr. Bush has left the White House.

Mr. Shapiro is an investigative reporter and lawyer who previously interned with John F. Kerry's legal team during the presidential election in 2004.
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Monday, November 03, 2008

McCain for President

A travesty for America is in the making. One would think that the 70's, and the success of the Reagan years would have put the lie to LBJ style quasi-socialism. But this guy, Osama Bin Lyin, makes LBJ look like RWR! Anyone who wants to use me as a tax shelter when the communist thugs come to their door, are most welcome ;)...humor is what we will have to rely on, as even Rush may be silenced by these brown shirts...T

Last week I made the open-and-shut case for John McCain: In a dangerous world entering an era of uncontrolled nuclear proliferation, the choice between the most prepared foreign policy candidate in memory vs. a novice with zero experience and the wobbliest one-world instincts is not a close call.

But it's all about economics and kitchen-table issues, we are told. Okay. Start with economics.

Neither candidate has particularly deep economic knowledge or finely honed economic instincts. Neither has any clear idea exactly what to do in the current financial meltdown. Hell, neither does anyone else, including the best economic minds in the world, from Henry Paulson to the head of the European Central Bank. Yet they have muddled through with some success.

Both McCain and Barack Obama have assembled fine economic teams that may differ on the details of their plans but have reasonable approaches to managing the crisis. So forget the hype. Neither candidate has an advantage on this issue.

On other domestic issues, McCain is just the kind of moderate conservative that the Washington/media establishment once loved -- the champion of myriad conservative heresies that made him a burr in the side of congressional Republicans and George W. Bush. But now that he is standing in the way of an audacity-of-hope Democratic restoration, erstwhile friends recoil from McCain on the pretense that he has suddenly become right wing.

Self-serving rubbish. McCain is who he always was. Generally speaking, he sees government as a Rooseveltian counterweight (Teddy with a touch of Franklin) to the various malefactors of wealth and power. He wants government to tackle large looming liabilities such as Social Security and Medicare. He wants to free up health insurance by beginning to sever its debilitating connection to employment -- a ruinous accident of history (arising from World War II wage and price controls) that increases the terror of job loss, inhibits labor mobility and saddles American industry with costs that are driving it (see: Detroit) into insolvency. And he supports lower corporate and marginal tax rates to encourage entrepreneurship and job creation.

An eclectic, moderate, generally centrist agenda in a guy almost congenitally given to bipartisanship.

Obama, on the other hand, talks less and less about bipartisanship, his calling card during his earlier messianic stage. He does not need to. If he wins, he will have large Democratic majorities in both houses. And unlike Clinton in 1992, Obama is no centrist.

What will you get?

(1) Card check, meaning the abolition of the secret ballot in the certification of unions in the workplace. Large men will come to your house at night and ask you to sign a card supporting a union. You will sign.

(2) The so-called Fairness Doctrine -- a project of Nancy Pelosi and leading Democratic senators -- a Hugo Chávez-style travesty designed to abolish conservative talk radio.

(3) Judges who go beyond even the constitutional creativity we expect from Democratic appointees. Judges chosen according to Obama's publicly declared criterion: "empathy" for the "poor or African American or gay or disabled or old" -- in a legal system historically predicated on the idea of justice entirely blind to one's station in life.

(4) An unprecedented expansion of government power. Yes, I know. It has already happened. A conservative government has already partially nationalized the mortgage industry, the insurance industry and nine of the largest U.S. banks.

This is all generally swallowed because everyone understands that the current crisis demands extraordinary measures. The difference is that conservatives are instinctively inclined to make such measures temporary. Whereas an Obama-Pelosi-Reid-Barney Frank administration will find irresistible the temptation to use the tools inherited -- $700 billion of largely uncontrolled spending -- as a once-in-a-lifetime opportunity to radically remake the American economy and social compact.

This is not socialism. This is not the end of the world. It would, however, be a decidedly leftward move on the order of Lyndon Johnson's Great Society. The alternative is a McCain administration with a moderate conservative presiding over a divided government and generally inclined to resist a European social-democratic model of economic and social regulation featuring, for example, wealth-redistributing growth-killing marginal tax rates.

The national security choice in this election is no contest. The domestic policy choice is more equivocal because it is ideological. McCain is the quintessential center-right candidate. Yet the quintessential center-right country is poised to reject him. The hunger for anti-Republican catharsis and the blinding promise of Obamian hope are simply too strong. The reckoning comes in the morning.
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Monday, October 27, 2008

Obama Bombshell Redistribution of Wealth Audio Uncovered

Posted without comment ( none required )...T

Monday, October 20, 2008

Thirty Years of Warmer Temperatures go Poof!


Proof - Conclusive proof that man-made global warming is a myth, once again. CO2 is not causing climate change. Solar activity, or the lack thereof, is, and always has. Conveniently, the "solution" to man made global warming has always been world socialism. Perhaps with Osama Bin Lyin in office they will no longer need to perpetuate this colossal scam...T

In early September, I began noticing a string of news stories about scientists rejecting the orthodoxy on global warming. Actually, it was more like a string of guest columns and long letters to the editor since it is hard for skeptical scientists to get published in the cabal of climate journals now controlled by the Great Sanhedrin of the environmental movement.

Still, the number of climate change skeptics is growing rapidly. Because a funny thing is happening to global temperatures -- they're going down, not up.

On the same day (Sept. 5) that areas of southern Brazil were recording one of their latest winter snowfalls ever and entering what turned out to be their coldest September in a century, Brazilian meteorologist Eugenio Hackbart explained that extreme cold or snowfall events in his country have always been tied to "a negative PDO" or Pacific Decadal Oscillation. Positive PDOs -- El Ninos -- produce above-average temperatures in South America while negative ones -- La Ninas -- produce below average ones.

Dr. Hackbart also pointed out that periods of solar inactivity known as "solar minimums" magnify cold spells on his continent. So, given that August was the first month since 1913 in which no sunspot activity was recorded -- none -- and during which solar winds were at a 50-year low, he was not surprised that Brazilians were suffering (for them) a brutal cold snap. "This is no coincidence," he said as he scoffed at the notion that manmade carbon emissions had more impact than the sun and oceans on global climate.

Also in September, American Craig Loehle, a scientist who conducts computer modelling on global climate change, confirmed his earlier findings that the so-called Medieval Warm Period (MWP) of about 1,000 years ago did in fact exist and was even warmer than 20th-century temperatures.

Prior to the past decade of climate hysteria and Kyoto hype, the MWP was a given in the scientific community. Several hundred studies of tree rings, lake and ocean floor sediment, ice cores and early written records of weather -- even harvest totals and censuses --confirmed that the period from 800 AD to 1300 AD was unusually warm, particularly in Northern Europe.

But in order to prove the climate scaremongers' claim that 20th-century warming had been dangerous and unprecedented -- a result of human, not natural factors -- the MWP had to be made to disappear. So studies such as Michael Mann's "hockey stick," in which there is no MWP and global temperatures rise gradually until they jump up in the industrial age, have been adopted by the UN as proof that recent climate change necessitates a reordering of human economies and societies.

Dr. Loehle's work helps end this deception.

Don Easterbrook, a geologist at Western Washington University, says, "It's practically a slam dunk that we are in for about 30 years of global cooling," as the sun enters a particularly inactive phase. His examination of warming and cooling trends over the past four centuries shows an "almost exact correlation" between climate fluctuations and solar energy received on Earth, while showing almost "no correlation at all with CO2."

An analytical chemist who works in spectroscopy and atmospheric sensing, Michael J. Myers of Hilton Head, S. C., declared, "Man-made global warming is junk science," explaining that worldwide manmade CO2 emission each year "equals about 0.0168% of the atmosphere's CO2 concentration ... This results in a 0.00064% increase in the absorption of the sun's radiation. This is an insignificantly small number."
Other international scientists have called the manmade warming theory a "hoax," a "fraud" and simply "not credible."

While not stooping to such name-calling, weather-satellite scientists David Douglass of the University of Rochester and John Christy of the University of Alabama at Huntsville nonetheless dealt the True Believers a devastating blow last month.

For nearly 30 years, Professor Christy has been in charge of NASA's eight weather satellites that take more than 300,000 temperature readings daily around the globe. In a paper co-written with Dr. Douglass, he concludes that while manmade emissions may be having a slight impact, "variations in global temperatures since 1978 ... cannot be attributed to carbon dioxide."

Moreover, while the chart below was not produced by Douglass and Christy, it was produced using their data and it clearly shows that in the past four years -- the period corresponding to reduced solar activity -- all of the rise in global temperatures since 1979 has disappeared.

It may be that more global warming doubters are surfacing because there just isn't any global warming.
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Friday, October 17, 2008

The Barack backlash

"What will this (an Osama victory) mean to America? An administration that is either at war with its base or at war with the nation. "

Absolutely dead on accurate...T

As Americans render what Catholics call temporal judgment on George Bush, are they aware of the radical course correction they are about to make?

This center-right country is about to vastly strengthen a liberal Congress whose approval rating is 10 percent and implant in Washington a regime further to the left than any in U.S. history.

Consider.

As of today, Speaker Nancy Pelosi, the San Francisco Democrat, anticipates gains of 15-30 seats. Sen. Harry Reid, whose partisanship grates even on many in his own party, may see his caucus expand to a filibuster-proof majority where he can ignore Republican dissent.

Headed for the White House is the most left-wing member of the Senate, according to the National Journal. To the vice president's mansion is headed Joe Biden, third-most liberal as ranked by the National Journal, ahead of No. 4, Vermont Socialist Bernie Sanders.

What will this mean to America? An administration that is either at war with its base or at war with the nation.

America may desperately desire to close the book on the Bush presidency. Yet there is, as of now, no hard evidence it has embraced Obama, his ideology, or agenda. Indeed, his campaign testifies, by its policy shifts, that it is fully aware the nation is still resisting the idea of an Obama presidency.

In the later primaries, even as a panicked media were demanding that Hillary drop out of the race, she consistently routed Obama in Ohio and Pennsylvania and crushed him in West Virginia and Kentucky.

By April and May, the Democratic Party was manifesting all the symptoms of buyer's remorse over how it had voted in January and February.

Obama's convention put him eight points up. But, as soon as America heard Sarah Palin in St. Paul, the Republicans shot up 10 points and seemed headed for victory.

What brought about the Obama-Biden resurgence was nothing Obama and Biden did, but the mid-September crash of Fannie, Freddie, Lehman Brothers, AIG, the stock market, where $4 trillion was wiped out, the $700 billion bailout of Wall Street that enraged Middle America – and John McCain's classically inept handling of the crisis.

In short, Obama has still not closed the sale. Every time America takes a second look at him, it has second thoughts, and backs away.

Even after the media have mocked and pilloried Palin and ceded Obama and Biden victory in all four debates, the nation, according to Gallup, is slowly moving back toward the Republican ticket.

Moreover, Obama knows Middle America harbors deep suspicions of him. Thus, he has jettisoned the rhetoric about the "fierce urgency of now," and "We are the people we've been waiting for," even as he has jettisoned position after position to make himself acceptable.

His "flip-flops" testify most convincingly to the fact that Obama knows that where he comes from is far outside the American mainstream. For what are flip-flops other than concessions that a position is untenable and must be abandoned?

Flip-flopping reveals the prime meridian of presidential politics. If an analyst will collate all the positions to which all the candidates move, he will find himself close to the true center of national politics.

Thus, though he is the nominee of a party that is in thrall to the environmental movement, Obama has signaled conditional support for offshore drilling and pumping out of the Strategic Petroleum Reserve.

While holding to his pledge for a pullout of combat brigades from Iraq in 16 months, he has talked of "refining" his position and of a residual U.S. force to train the Iraqi army and deal with al-Qaida.

On Afghanistan, he has called for 10,000 more troops and U.S. strikes in Pakistan to kill bin Laden, even without prior notice or the permission of the Pakistani government.

Since securing the nomination, Obama has adopted the Scalia position on the death penalty for child rape and the right to keep a handgun in the home. He voted to give the telecoms immunity from prosecution for colluding in Bush wiretaps. This onetime sympathizer of the Palestinians now does a passable imitation of Ariel Sharon.

No Democrat has ever come out of the far left of his party to win the presidency. McGovern, the furthest left, stayed true to his convictions and lost 49 states.

Obama has chosen another course. Though he comes out of the McGovern-Jesse Jackson left, he has shed past positions like support for partial-birth abortion as fast as he has shed past associations, from William Ayers to ACORN, from the Rev. Jeremiah Wright to his fellow parishioners at Trinity United.

One question remains: Will a President Obama, with his party in absolute control of both Houses, revert to the politics and policies of the left that brought him the nomination, or resist his ex-comrades' demands that he seize the hour and impose the agenda ACORN, Ayers, Jesse and Wright have long dreamed of?

Whichever way he decides, he will be at war with them, or at war with us. If Barack wins, a backlash is coming.
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The World of Maynard Ferguson

Best who ever lived, by a wide margin. This Cat was singularly responsible for most of my misspent youth. Turn up the sound, and enjoy. Be prepared to be blown away!...T

Thursday, October 16, 2008

McCain Comes Roaring Back!

So Gallup now has it a 2 point race, down from 14 just two days ago. The drive-by's unanimously declared Osama the winner in the debate, but that's not the debate I witnessed. McCain relentlessly pointed out Osama's extreme liberalism and remind voters of two things. First, that Osama's "Tax Cuts" are really welfare checks, taken from our hard earned paychecks and given to people who pay no taxes at all. Secondly, that Osama will raise taxes on everyone, radically.

His two key lines in the debate came when he said Osama's tax and regulate plan, going into a recession, had been tried before - by Herbert Hoover. That hit home to every voter. It also was a classic moment when he tagged Osama as "Senator Government"...yeah, that was a decisive McCain win.

This add captalizes on all these points brilliantly...T

Monday, October 13, 2008

The Coming Liberal Thugocracy

Absolutely frightening, but also absolutely predictable. The left wing lost the battle of ideas in the 70's and they haven't changed yet. They will shout you down, shut you down, even throw you in prison.

This is Michael Barone saying this, people, no right wing agitator he!...be afraid, be very afraid...

Then, though, today we see the Dow up almost 1000 points, largest gain in history, the passing of the credit crisis, Acorn getting caught red handed trying to steal the election and being seen, finally, as a primary cause of said credit crisis, and McCain back in contention, down just 3 or 4 points with a month to go...T

I need you to go out and talk to your friends and talk to your neighbors," Barack Obama told a crowd in Elko, Nev. "I want you to talk to them whether they are independent or whether they are Republican. I want you to argue with them and get in their face." Actually, Obama supporters are doing a lot more than getting into people's faces. They seem determined to shut people up.

That's what Obama supporters, alerted by campaign e-mails, did when conservative Stanley Kurtz appeared on Milt Rosenberg's WGN radio program in Chicago. Mr. Kurtz had been researching Mr. Obama's relationship with unrepentant Weather Underground terrorist William Ayers in Chicago Annenberg Challenge papers in the Richard J. Daley Library in Chicago - papers that were closed off to him for some days, apparently at the behest of Obama supporters.

Obama fans jammed WGN's phone lines and sent in hundreds of protest e-mails. The message was clear to anyone who would follow Mr. Rosenberg's example. We will make trouble for you if you let anyone make the case against The One.

Other Obama supporters have threatened critics with criminal prosecution. In September, St. Louis County Circuit Attorney Bob McCulloch and St. Louis City Circuit Attorney Jennifer Joyce warned citizens that they would bring criminal libel prosecutions against anyone who made statements against Mr. Obama that were "false." I had been under the impression that the Alien and Sedition Acts had gone out of existence in 1801-'02. Not so, apparently, in metropolitan St. Louis. Similarly, the Obama campaign called for a criminal investigation of the American Issues Project when it ran ads highlighting Mr. Obama's ties to Mr. Ayers.

These attempts to shut down political speech have become routine for liberals. Congressional Democrats sought to reimpose the "fairness doctrine" on broadcasters, which until it was repealed in the 1980s required equal time for different points of view. The motive was plain: to shut down the one conservative-leaning communications medium, talk radio. Liberal talk-show hosts have mostly failed to draw audiences, and many liberals can't abide having citizens hear contrary views.

To their credit, some liberal old-timers - like House Appropriations Chairman David Obey - voted against the "fairness doctrine," in line with their longstanding support of free speech. But you can expect the "fairness doctrine" to get another vote if Barack Obama wins and Democrats increase their congressional majorities.

Corporate liberals have done their share in shutting down anti-liberal speech, too. "Saturday Night Live" ran a spoof of the financial crisis that skewered Democrats like House Financial Services Chairman Barney Frank and liberal contributors Herbert and Marion Sandler, who sold toxic-waste-filled Golden West to Wachovia Bank for $24 billion. Kind of surprising, but not for long. The tape of the broadcast disappeared from NBC's Web site and was replaced with another that omitted the references to Mr. Frank and the Sandlers. Evidently NBC and its parent, General Electric, don't want people to hear speech that attacks liberals.

Then there's the Democrats' "card check" legislation that would abolish secret ballot elections in determining whether employees are represented by unions. The unions' strategy is obvious: Send a few thugs over to employees' homes - we know where you live - and get them to sign cards that will trigger a union victory without giving employers a chance to be heard.

Once upon a time, liberals prided themselves, with considerable reason, as the staunchest defenders of free speech. Union organizers in the 1930s and 1940s made the case that they should have access to employees to speak freely to them, and union leaders like George Meany and Walter Reuther were ardent defenders of the First Amendment.

Today's liberals seem to be taking their marching orders from other quarters. Specifically, from the college and university campuses where administrators, armed with speech codes, have for years been disciplining and subjecting to sensitivity training any students who dare to utter thoughts that liberals find offensive. The campuses that once prided themselves as zones of free expression are now the least free part of our society.

Obama supporters who found the campuses congenial and Mr. Obama himself, who has chosen to live all his adult life in university communities, seem to find it entirely natural to suppress speech they don't like and seem utterly oblivious to claims this violates the letter and spirit of the First Amendment. In this campaign, we have seen the coming of the Obama thugocracy, suppressing free speech, and we may see its flourishing in the four or eight years ahead.
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Sunday, October 12, 2008

Proof positive who's responsible for the Crisis


Not a single democrat signed this letter or voted for this bill. In fact, it never made it to the Senate floor - it was blocked in committee by the minority democrats. They wanted "fairness" and "equity" after all...liberalism doesn't work, it never has. But it feels so good...

Note - Clicking on this letter opens it in large font in a new window.

Thanks to Cartoon Nazi for this...T

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Tuesday, October 07, 2008

Democrats Were Wrong on Fannie Mae and Freddie Mac

To say the least. Democrooks are not just partially responsible, they are totally responsible. There isn't "plenty of blame to go around" as the media claims. There is specific blame to pinpoint: The Clinton administration and the democrats in Congress, who insisted in imposing this Socialist jury rigged scheme down our throats. That everyone doesn't know this by now says ALL one needs to know about our utterly corrupt media. It's really no different than Pravda & Izvestia anymore...T


Seventeen. That's how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Congress has cooperated only once. In spring 2007, as House Financial Services Committee Chairman Barney Frank likes to point out, the House did pass a bill in response. The Senate did not act until 2008; Senate Banking Committee Chairman Christopher Dodd spent most of 2007 camped out in Iowa running for president. The legislation passed by Congress in 2008 enabled Treasury Secretary Henry Paulson to put Fannie and Freddie into federal conservatorship this summer when they failed. But it didn't prevent them from spewing a huge amount of toxic waste, in the form of subprime and Alt-A mortgages, into our financial institutions from 2004 to 2007. As Stephen Spruiell points out in The Corner on National Review Online, Fannie and Freddie spewed out $1 trillion worth (face value) of subprime mortgages between 2005 and 2007. That's a whole lot of toxic waste. For more detail, consult the items referred to in my previous blogpost on this subject (most of the comments seem to have been disputes about the plot line of the movie It's a Wonderful Life, which I should think could be settled by consulting a reference work).

Much if not all of that could have been prevented by a bill cosponsored by John McCain and supported by all the Republicans and opposed by all the Democrats in the Senate Banking Committee in 2005. That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged. The GSEs' mission allegedly justifying their quasi-governmental status was to package or securitize such mortgages, but the lion's share of their profits—which determined top executives' bonuses—came from speculation.

John McCain has shied away from making this an issue, for reasons my U.S. News colleague Jim Pethokoukis speculates on. This National Republican Congressional Committee Web ad makes the point McCain has been avoiding. Jim Geraghty of the Campaign Spot blog at National Review Online seems exasperated by the McCain campaign's failure to exploit this issue. Excerpts:

Why can't John McCain and Sarah Palin make the points about how the crisis was built illustrated in the "Burning Down the House" (with the revised music) YouTube video? Could McCain please, please bring up some of this in Tuesday's debate?

Don't the American people deserve to know that Democrat Barney Frank, then ranking member and now chairman of the House Financial Services Committee, said, "I want to roll the dice a little bit more in this situation towards subsidized housing"? Isn't the fact that the ranking Democrat in charge of oversight of Fannie Mae was in a sexual relationship with a high-ranking Fannie Mae executive a glaring conflict of interest? Isn't it worth noting that Democratic Rep. Maxine Waters insisted, "we do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines"? Shouldn't the American people know that Democratic Rep. Gregory Meeks insist that "there's been nothing that was indicated that's wrong with Fannie Mae"?


If nothing else, shouldn't we salute Democratic Rep. Artur Davis for saying, "Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong."

I talked with Artur Davis in the Speaker's Lobby Friday during the vote on the financial bailout/rescue package. He reiterated what he said here, and he also makes the fair point that Republicans made some mistakes too. As for the reference Geraghty makes to the fact that Barney Frank's partner Herb Moses worked at Fannie Mae, I think we should keep in mind the fact that Frank and Moses broke up in 1988 and that Moses quit working at Fannie Mae at about the same time. As far as I'm concerned, that's ancient history. And while in retrospect it's clear that Frank was wrong about the GSEs in 2003, he did work with the administration and pushed legislation through the House in 2007, so it seemed he was open to learning from experience.

Finally, check out this Fox News Channel-Fox Business News Channel documentary by David Asman.
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Monday, October 06, 2008

President Bush's resignation speech

Whatever our feelings about this president, it's obvious to all of us that his job, never easy, is today a crucible of frustration, vituperation, condemnation, lowered public approval and even downright opposition from some in his own party. I'm thinking that, though he has not uttered words like these, there are times President Bush might very much want to: (ps - thanks to the author!...T)


Normally, I start these things out by saying, "My fellow Americans."

Not doing it this time. If the polls are any indication, I don't know who more than half of you are anymore.

I do know something terrible has happened, and that you're really not fellow Americans any longer.
I'll cut right to the chase here: I quit. Now before anyone gets all in a lather about me quitting to avoid impeachment, or to avoid prosecution or something, let me assure you: There's been no breaking of laws or impeachable offenses in this office.

The reason I'm quitting is simple: I'm fed up with you people.

I'm fed up because you have no understanding of what's really going on in the world – or of what's going on in this once-great nation of ours. And the majority of you are too damn lazy to do your homework and figure it out.

Let's start local. You've been sold a bill of goods by politicians and the news media. Polls show that the majority of you think the economy is in the tank. And that's despite record numbers of homeowners, including record numbers of minority homeowners. And while we're mentioning m minorities, I'll point out that minority business ownership is at an all-time high. Our unemployment rate is as low as it ever was during the Clinton administration. I've mentioned all those things before, but it doesn't seem to have sunk in.

Despite the shock to our economy of 9/11, the stock market has rebounded to record levels, and more Americans than ever are participating in these markets. Meanwhile, all you can do is whine about gas prices, and most of you are too damn stupid to realize that gas prices are high because there's increased demand in other parts of the world, and because a small handful of noisy idiots are more worried about polar bears and beachfront property than your economic security.

We face real threats in the world. Don't give me this "blood for oil" thing. If I were trading blood for oil, I would've already seized Iraq's oil fields and let the rest of the country go to hell. And don't give me this "Bush Lied; People Died" crap either. If I were the liar you morons take me for, I could've easily had chemical weapons planted in Iraq so they could be "discovered." Instead, I owned up to the fact that the intelligence was faulty.

Let me remind you that the rest of the world thought Saddam had the goods, same as me. Let me also remind you that regime change in Iraq was official U.S. policy before I came into office. Some guy named Clinton established that policy. Bet you didn't know that, did you?

You idiots need to understand that we face a unique enemy. Back during the Cold War, there were two major competing political and economic models squaring off. We won that war, but we did so because fundamentally the Communists wanted to survive, just as we do. We were simply able to outspend and out-tech them.

That's not the case this time. The soldiers of our new enemy don't care if they survive. In fact, they want to die. That'd be fine, as long as they weren't also committed to taking as many of you with them as they can. But they are. They want to kill you, and the bastards are all over the globe.

You should be grateful they haven't gotten any more of us here in the United States since Sept. 11. But you're not. That's because you've got no idea how hard a small number of intelligence, military, law enforcement and homeland security people have worked to make sure of that. When this whole mess started, I warned you that this would be a long and difficult fight. I'm disappointed how many of you people think a long and difficult fight amounts to a single season of "Survivor."

Instead, you've grown impatient. You're incapable of seeing things through the long lens of history, the way our enemies do. You think that wars should last a few months, a few years, tops.

Making matters worse, you actively support those who help the enemy. Every time you buy the New York Times, every time you send a donation to a cut-and-run Democrat's political campaign, well, dang it, you might just as well FedEx a grenade launcher to a jihadist. It amounts to the same thing.

In this day and age, it's easy enough to find the truth. It's all over the Internet. It just isn't on the pages of the New York Times or on NBC News. But even if it were, I doubt you'd be any smarter. Most of you would rather watch "American Idol."

I could say more about your expectations that the government will always be there to bail you out, even if you're too stupid to leave a city that's below sea level and has a hurricane approaching.

I could say more about your insane belief that government, not your own wallet, is where the money comes from. But I've come to the conclusion that were I to do so, it would sail right over your heads.

So I quit. I'm going back to Crawford; I've got an energy-efficient house down there (Al Gore could only dream) and the capability to be fully self-sufficient. No one ever heard of Crawford before I got elected, and as soon as I'm done here pretty much no one will ever hear of it again. Maybe I'll be lucky enough to die of old age before the last pillars of America fall.

Oh, and by the way, Cheney's quitting, too. That means Pelosi is your new president. You asked for it. Watch what she does carefully, because I still have a glimmer of hope that there are just enough of you remaining who are smart enough to turn this thing around in 2008.

So that's it. God bless what's left of America. Some of you know what I mean. The rest of you, kiss off.

PS - You might want to start learning Farsi, and buy a Koran.

HOW FANNIE MAE & THE CLINTON ADMINISTRATION STARTED THIS FINANCIAL MESS

This is from the New York Times, Izvestia of the American left...Proof positive that the Clinton Administration is directly responsible for this crisis, and liberalism in general the root cause. What a surprise, the press seems to have accidentally overlooked it!...T (ps - don't forget to note the date!)

September 30, 1999 - New York Times
- Fannie Mae Eases Credit To Aid Mortgage Lending



In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. (Authors note: this man was Clinton Budget director before he was appointed CEO with absolutely no experience in financial markets whatsoever by Bill Clinton...T) ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

(Read this!!!...T)In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

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Do Facts Matter?

Another fine perspective from Prof. Sowell on this ridiculous Drive-By MSM shooting of the facts, all to elect the sainted Dalia-Bama as Caesar ...right along w/his Hitler youth (have you seen these videos?! )

Again - the fact is that this is a left-wing liberal caused crisis, set in motion at the command of the Clinton administration, against the strenuous objections of cooler heads that this was exactly the outcome we could have predicted.

But no, they tell us that only the people who caused the problem can b trusted to fix it - disgusting...T

Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time."

Unfortunately, the future of this country, as well as the fate of the Western world, depends on how many people can be fooled on election day, just a few weeks from now.

Right now, the polls indicate that a whole lot of the people are being fooled a whole lot of the time.

The current financial bailout crisis has propelled Barack Obama back into a substantial lead over John McCain-- which is astonishing in view of which man and which party has had the most to do with bringing on this crisis.

It raises the question: Do facts matter? Or is Obama's rhetoric and the media's spin enough to make facts irrelevant?

Fact Number One: It was liberal Democrats, led by Senator Christopher Dodd and Congressman Barney Frank, who for years-- including the present year-- denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis.

It was Senator Dodd, Congressman Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac.

It was liberal Democrats, again led by Dodd and Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting subprime mortgage loans, which are at the heart of today's financial crisis.

Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President. So did Bush's Secretary of the Treasury, five years ago.

Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter?

We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't.

Is that the free market? Or do facts not matter?

Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis.

Who in Congress defended Franklin Raines? Liberal Democrats, including Maxine Waters and the Congressional Black Caucus, at least one of whom referred to the "lynching" of Raines, as if it was racist to hold him to the same standard as white CEOs.

Even after he was deposed as head of Fannie Mae, Franklin Raines was consulted this year by the Obama campaign for his advice on housing!

The Washington Post criticized the McCain campaign for calling Raines an adviser to Obama, even though that fact was reported in the Washington Post itself on July 16th. The technicality and the spin here is that Raines is not officially listed as an adviser. But someone who advises is an adviser, whether or not his name appears on a letterhead.

The tie between Barack Obama and Franklin Raines is not all one-way. Obama has been the second-largest recipient of Fannie Mae's financial contributions, right after Senator Christopher Dodd.

But ties between Obama and Raines? Not if you read the mainstream media.

Facts don't matter much politically if they are not reported.

The media alone are not alone in keeping the facts from the public. Republicans, for reasons unknown, don't seem to know what it is to counter-attack. They deserve to lose.

But the country does not deserve to be put in the hands of a glib and cocky know-it-all, who has accomplished absolutely nothing beyond the advancement of his own career with rhetoric, and who has for years allied himself with a succession of people who have openly expressed their hatred of America.
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MAINSTREAM MEDIA IS A JOKE!

The Drive-By's have never been as contemptible as this year - it's as if EVERY MSM'er had morphed into Dan Rather of 2004, but proudly so, and without shame...T (note - thanks Splugy!)


Listening to the mainstream media these last few days I've learned a few things about the GOP's VP nominee but also had to learn a few things on my own. To wit:

1. From the media I learned Sarah Palin's husband has a DUI conviction from 22 years ago. On my own I learned that Ted Kennedy (hero of last week's tribute at the DNC) was drunk while driving a car off a bridge in Chappaquiddick. That same crash killed a young campaign volunteer with whom he was having an affair. Oh, and that woman was pregnant with his child. * Mr. Palin's (who is not running for office) DUI came a mere 4 years after Barack Obama (who is running for president) stopped using cocaine and marijuana (by his own admission in his autobiography).

- Shocking - it's OK for the presidential candidate to use drugs or the party patriarch to kill someone while driving drunk yet the husband of a VP candidate should be demonized for something done 22 years ago.

2. From the media I learned that Sarah Palin's daughter is pregnant. * On my own I learned that Joe Biden's (the other VP candidate) son was paid a large amount of money as a consultant to credit card company MBNA. That same company had business before Senator Joe Biden concerning regulation of consumer credit practices. After the company paid a hefty sum to Mr. Biden's son, he voted in favor of legislation to help that company.* That same son, Hunter, is also engaged in a legal investigation and suitfor defrauding a former business partner

- Shocking - it's a crime for the republican VP candidate to have a child who's pregnant even though it's irrelevant to how she performs her job. It's ok, however, for the democrat VP candidate while a senator to vote in favor of a company who paid his son over a quarter of a million dollars.

3 . From the media I learned that Sarah Palin should be considered "selfish" for agreeing to run for VP knowing about her daughter's condition. Knowing that her public role would bring extra scrutiny on thefamily is selfish and she should have declined to protect her child (actually heard this on ABC this weekend).

- Strange - the same people who said Sarah is selfish for running for VP did not seem to care about any impact on Chelsea when Bill Clinton had his alliance with Monica Lewinsky. That was a private, personal matter you see.

4. From the media I have learned to be "concerned" that Sarah Palin probably won't be able to manage her family and do an effective job of being VP at the same time.

- Funny - I never heard anything about Hillary's ability to support Chelsea while re-doing healthcare or any of the other feminist icons who say you can balance work and family. They also never mention that Barack will have to balance time with his children while meeting with heads of rogue nations or how Joe Biden's kids don't even have a mom and will be fighting for his time while he hosts white house coffee fundraisers and sells nights in the Lincoln bedroom.

5. From the media I have learned that Sarah Palin is "too inexperienced" to be a heartbeat-away from the presidency. * Apparently taking on corruption in your own party and running a state that's the same size people-wise as Delaware (hint hint: that's where Joe Biden is from) is not really experience.

- * However, time spent as a "community organizer" and less than 180 days in the senate where you've authored no significant legislation is just the type of "change" we're looking for from the top of the ticket. Funny - inexperience at the top of the ticket is a mantra for "change" and "hope" while strong practical everyday experience as the #2 is cause for concern.

6. From the media I learned that Sarah Palin's husband once got a ticket for fishing without a license.

- * I haven't heard much about the fact that if he were still a practicing attorney, the VP candidate Joe Biden would be disbarred for plagiarism not once but multiple times. It's ok to break the rules if you're a democrat candidate but not Ok if you are the spouse of a republican candidate.

7. From the media I learned that Sarah Palin doesn't know much about Iraq; in fact we wonder if she even knows where it is.

- * Sarah's son volunteered into the US military and is now deployed in Iraq. I guess that doesn't count. Sarah has spent more time with troops in Iraq (as commander of the Alaska National Guard she visited Iraq last year) than Obama has even while running for president. In fact, when Sarah went to Iraq she spent time with the troops. When Obama went there, he skipped a base visit to instead go work out at the Ritz Carlton.

8. From the media I l earned that Sarah Palin is a "lightweight" and she better be a "quick study" to keep up with this team.

- Funny, nobody is talking about how, after Barack Obama had "visited 57 states" according to him he only had "5 more to go" or endless other stupid gaffes that expose who he really is.

9. From the media I have learned that (gasp!), Sarah Palin's husband was once a registered member of a 3rd party that favored states' rights (man,this is really bad stuff).

- * That same media has been silent to the story that when Barack Obama announced his first senate run, he did so in the home of William Ayers. Mr. Ayers is an un-repentant terrorist convicted for bombing the pentagon. This same Mr. Ayers said on 9/11 that he and his group did not do enough to harm our military and he wished he had done more. During the same time as that comment, he was serving on a board with Barack Obama. All notes and information about their serving together is now locked up by the corrupt Chicago machine and reporter access to those records are being blocked by the Obama campaign.

If we've had any doubts about the bias of the media, it's pretty clear now where they stand.
Pass this on to some of your friends who are on the fence and who get all their information from Katie Couric, Wolf Blitzer, Tom Brokaw and the gang. This is egregious and corrupt. The only way to stop it is to spread information using other outlets and make these guys irrelevant.

Wednesday, October 01, 2008

Ageless Observations

We'll need these if the "Age of Obama" comes to pass (gag)...T
AGELESS OBSERVATIONS

'If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed.' -Mark Twain Suppose you were an idiot. And suppose you were a member of Congress . . . But then I repeat myself. -Mark Twain I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.-Winston Churchill

A government which robs Peter to pay Paul can always depend on the support of Paul. - George Bernard Shaw

A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.
-G Gordon Liddy

Democracy must be something more than two wolves and a sheep voting on what to have for dinner. -James Bovard, Civil Libertarian (1994)

Foreign aid might be defined as a transfer of money from poor people in rich countries to rich people in poor countries. -Douglas Casey, Classmate of Bill Clinton at Georgetown University

Giving money and power to government is like giving whiskey and car keys to teenage boys. -P. J. O'Rourke, Civil Libertarian

Government is the great fiction, through which everybody endeavors to live at the expense of everybody else. -Frederic Bastiat, French Economist (1801-1850)

Government's view of the economy could be summed up in a few short phrases : If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. -Ronald Reagan (1986)

I don't make jokes. I just watch the government and report the facts. -Will Rogers

If you think health care is expensive now, wait until you see what it costs when it's free! -P. J. O'Rourke

In general, the art of government consists of taking as much money as possible from one party of the citizens to give to the other. -Voltaire (1764)

Just because you do not take an interest in politics doesn't mean politics won't take an interest in you! -Pericles (430 B.C.)

No man's life, liberty, or property is safe while the legislature is in session. -Mark Twain (1866 )

Talk is cheap . . . except when Congress does it. -Unknown

The government is like a baby's alimentary canal, with a happy appetite at one end and no responsibility at the other. -Ronald Reagan

The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery. -Winston Churchill

The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin. -Mark Twain

The ultimate result of shielding men from the effects of folly is to fill the world with fools. -Herbert Spencer, English Philosopher (1820-1903)

There is no distinctly Native American criminal class . . . save Congress. -Mark Twain What this country needs are more unemployed politicians. -Edward Langley, Artist (1928 - 1995)

A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson

Tuesday, September 30, 2008

Bailout Politics

This from probably THE most respected economist of the last 30 years, now that Milton Friedman has passed on. He doesn't want this bailout, so why should we? Sure some type of Credit market liquidity act must be passed, but not this one! This is like subsidizing a convicted bank robber, just because he got it wrong the 1st time! The paragraph below tells you all you need to know about how utterly corrupted the drive-by's have become. Socialism Redux is NOT the answer friends!...T

"The roots of this problem go back many years, but since the crisis to which all this led happened on George W. Bush’s watch, that is enough for those who think in terms of talking points, without wanting to be confused by the facts.

In reality, President Bush tried unsuccessfully, years ago, to get Congress to create some regulatory agency to oversee Fannie Mae and Freddie Mac. N. Gregory Mankiw, his Chairman of the Council of Economic Advisers, warned in February 2004 that expecting a government bailout if things go wrong “creates an incentive for a company to take on risk and enjoy the associated increase in return.”

Nothing could more painfully demonstrate what is wrong with Congress than the current financial crisis.

Among the Congressional “leaders” invited to the White House to devise a bailout “solution” are the very people who have for years created the risks that have now come home to roost.

Five years ago, Barney Frank vouched for the “soundness” of Fannie Mae and Freddie Mac, and said “I do not see” any “possibility of serious financial losses to the treasury.”

Moreover, he said that the federal government has “probably done too little rather than too much to push them to meet the goals of affordable housing.”

Earlier this year, Senator Christopher Dodd praised Fannie Mae and Freddie Mac for “riding to the rescue” when other financial institutions were cutting back on mortgage loans.

He too said that they “need to do more” to help subprime borrowers get better loans.In other words, Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default.

The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.

But the magic words “affordable housing” and the ugly word “redlining” led to politicians directing where loans and investments should go, with such things as the Community Reinvestment Act and various other coercions and threats.

The roots of this problem go back many years, but since the crisis to which all this led happened on George W. Bush’s watch, that is enough for those who think in terms of talking points, without wanting to be confused by the facts.

In reality, President Bush tried unsuccessfully, years ago, to get Congress to create some regulatory agency to oversee Fannie Mae and Freddie Mac.

N. Gregory Mankiw, his Chairman of the Council of Economic Advisers, warned in February 2004 that expecting a government bailout if things go wrong “creates an incentive for a company to take on risk and enjoy the associated increase in return.”

Since risky investments usually pay more than safer investments, the incentive is for a government-supported enterprise to take bigger risks, since they get more profit if the risks pay off and the taxpayers get stuck with the losses if not.

The government does not guarantee Fannie Mae or Freddie Mac, but the widespread assumption has been that the government would step in with a bailout to prevent chaos in financial markets.

Alan Greenspan, then head of the Federal Reserve System, made the same point in testifying before Congress in February 2004. He said: “The Federal Reserve is concerned” that Fannie Mae and Freddie Mac were using this implicit reliance on a government bailout in a crisis to take more risks, in order to “multiply the profitability of subsidized debt.”

Chairman Greenspan added his voice to those urging Congress to create a “regulator with authority on a par with that of banking regulators” to reduce the riskiness of Fannie Mae and Freddie Mac, a riskiness ultimately borne by the taxpayers.

Fannie Mae and Freddie Mac do not deserve to be bailed out, but neither do workers, families and businesses deserve to be put through the economic wringer by a collapse of credit markets, such as occurred during the Great Depression of the 1930s.

Neither do the voters deserve to be deceived on the eve of an election by the notion that this is a failure of free markets that should be replaced by political micro-managing.

If Fannie Mae and Freddie Mac were free market institutions they could not have gotten away with their risky financial practices because no one would have bought their securities without the implicit assumption that the politicians would bail them out.

It would be better if no such government-supported enterprises had been created in the first place and mortgages were in fact left to the free market. This bailout creates the expectation of future bailouts.

Phasing out Fannie Mae and Freddie Mac would make much more sense than letting politicians play politics with them again, with the risk and expense being again loaded onto the taxpayers.

Thomas Sowell is a senior fellow at the Hoover Institution.
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Friday, September 26, 2008

Burning Down the House

A quick history of how this financial crisis hit - and who is responsible. Don't let the Drive-By MSM'ers get away with covering this one up. Even NBC can't Trotsky-up this one...T

Clinton caught with Smoking Gun in Hand

Look at the date in this article – and then, look who pressured Fannie Mae into their bad loaning habits…..hmmmmmmmm...T (Thanks Splugy for this!...)

September 30, 1999

Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

Sunday, September 21, 2008

The Old Economic Rule Doesn't Work Anymore

Interesting. This is why McCain and Sarah have such an excellent chance to win this year - economic anxiety does NOT encourage voters to elect a radical leftist who promises massive tax increases...IF they can just state their case! Sarah is making the case, but McCain needs to drive it home. If he does so, we win, in my humble opinion...T

The bankruptcy of Lehman Brothers, the sale of Merrill Lynch to Bank of America, the 500-point plunge of the Dow, the government takeover of AIG -- all these have got the presidential candidates talking about the economy. But both Barack Obama and John McCain have been vague about their solutions. And for good reason.

Our economic problems are concentrated in the finance sector, and that's the part of the economy the average voter knows least about.

Moreover, the political blame is widely dispersed. George W. Bush and Bill Clinton and Democrats and Republicans in Congress have all pushed policies to increase home ownership. The problem is that many marginal home-buyers were unable to pay their mortgages when house prices fell. Another problem: Under a longstanding regulatory regime, the firms that rated packages of securitized mortgages were paid by the sellers rather than the buyers. Some of those mortgage securities turned out to be worth less than buyers thought.

And strong arguments were made that the biggest dealers of securitized mortgages, the government-sponsored enterprises Fannie Mae and Freddie Mac, were overleveraged. The Bush administration and some Republicans in Congress tried to place limits on the GSEs' investments, but this was successfully resisted by most Democrats and some Republicans. Strong lobbying prevailed over strong arguments, and Fan and Fred are now in federal conservatorship.

It's hard to make a 30-second spot about all this. It's easy to call for more regulation, but this is a tricky business, and there's a risk of stifling innovation, which has on balance vastly enriched us over the past 25 years. In any case, voters are not very good at analyzing regulatory changes.

So the economic argument may focus on something voters do understand -- taxes. Here, Barack Obama can argue that he represents change. He wants higher taxes on high earners and promises "tax cuts" to 95 percent of taxpayers. Actually, they're refundable tax credits, which means cash payments to the 40 percent or so of households that don't pay income tax.

But those refundable tax credits are phased out as incomes rise, so his proposal amounts to, as my American Enterprise Institute colleagues Alex Brill and Alan Viard have written, "marginal rate hikes in disguise" on those with incomes as low as $27,000.

The best argument against higher rates on high earners has come from Sarah Palin in her acceptance speech, in a line obviously not written by her speechwriter.
"My sister Heather and her husband have just built a service station that's now opened for business -- like millions of others who run small businesses. How are they going to be any better off if taxes go up?" Note that she doesn't say that Heather and her husband will be paying higher taxes themselves. She's arguing that higher taxes will hurt the economy and will hurt the little gal and guy.

That argument may be gaining some traction. The recent Quinnipiac poll in New Jersey, which showed Barack Obama leading John McCain by only 3 percentage points in a high-income state carried easily by John Kerry and Al Gore, found that 54 percent of likely voters believe their taxes will go up if Obama is elected. When asked whether they believe Obama when he says that he'll cut taxes for 95 percent of working families, or McCain when he says Obama will raise taxes on most families, 44 percent say they believe McCain, and 40 percent say they believe Obama.

Interestingly, post-convention polls show McCain running at least as well as Bush in 2004 in Michigan and Ohio, where recent state tax increases have signally failed to bolster ailing economies. Gallup shows Democrats with only a 3 percentage-point edge in the generic House vote; it used to be double digits. And the Rasmussen poll shows Democrats ahead only 5 percentage points in party identification.

The old rule that economic distress moves voters toward Democrats doesn't seem to be operating.
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Saturday, September 20, 2008

OH, THE HYPOCRISY!

Wow - they really are professional hookers. Just stunning hypocrisy. It remains to be see if McCain has the Cahones to call them on it. This election is his to win - or lose...T

Tuesday, September 16, 2008

Democratic War Room - The Palin Effect

Hidden footage from the bunker...T

What if Obama Loses?

This today from Richard Miniter at Pajama's Media - absolutely dead on accurate...T

...If Obama loses–and it is still a big ‘if’–too many liberals will fail to heed the message that voters have been sending them since 1981. Seventy percent of the country is tired of 1960s liberalism. Indeed many find the hippie vision frightening: A country too ashamed of itself to fight its enemies, too unsure of itself to praise its own history,govern its children or corral its criminals,and too resentful of the rich to allow the economy to make more of them...
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Reaching Critical Mass - The Accelerating Collapse of the Obama Campaign

He's going down, people. I can't agree more with VDH here. It is their arrogance and transparent elitism, combined with their fanatical left wing zealotry that has done in Osama and his socialist, America detesting cabal. Palin has rallied the base, but Osama has none to blame but himself.

Rasmussen, Real Clear Politics, and Michael Barone all now show McCain has surpassed the 270 Electoral votes needed for victory...T

The sudden change in the polls the last 10 days, even though it may be temporary, has prompted a furor in the media that has no parallel in modern election history. Vicious words like "treason", "abasement", "liar", and "lying" are in the air now in an unheralded attack on McCain, often in association with the sex education ad, and the lipstick identification with Palin as a pig. (cf. e.g., Washington Post columnist Richard Cohen today). But as Byron York has shown, that ad alleging that Obama supported detailed information about matters of sex to be disseminated to younger children (for a variety of educational reasons), while tough and unnecessary, was nevertheless not a lie.

And as far as the silly lipstick moment, if one studies the tape carefully as Obama lets go with his similes, it is clear that the hooting audience at least seemed to make the association with Palin, and the further elaboration on a stinky old fish seemed to cement the allusion to McCain.

What otherwise are we to think of this silly controversy?— (a) a candidate is complaining about McCain and Palin; (b) in his exasperation the candidate next uses two metaphors (not 1, not 3) — (c) one to a pig with lipstick (after Palin had famously just used a lipstick/animal metaphor in her speech), and (d) a second one to an old fish — a theme of the Obama campaigning has been to suggest McCain is "losing his bearings", "confused", has "lost track", and "couldn't remember."

But from anger at those two inconsequential ads, and the selection of Palin, Washington Post columnist Richard Cohen, for example, makes a rather large leap to this conclusion:

... the lies of Vietnam and Watergate and Iraq. So many lies. Who believes that in Afghanistan last month only five civilians were killed by the American military, instead of the approximately 90 claimed by the Afghan government? Not me. I first gave up on the military during Vietnam and then again when it covered up the death of Pat Tillman, the Army Ranger and former NFL player who was killed in 2004 by friendly fire.

What does "give up on the military" mean, and what does it have to do with a McCain ad reminding voters of the difference between Obama and himself on the appropriate age to introduce children to sex education learning materials?

What we are seeing is a sort of meltdown in which the selection of Palin is associated with the first real possibility all summer that the messianic Obama may not necessarily ascend; that triggers a certain repulsion toward her in particular, and a general furor at the once likeable McCain (once likeable to present-day Obama's supporters in the past sense that in 2000 he was going to lose, perhaps divide Republicans, and was not George Bush), which, in turn, can conjure up all sorts of no longer latent demons, going back to Vietnam onto to Iraq and the ongoing war in Afghanistan.

The problem (inter alia) with this vicious, loose use of "traitor" and "lie/liar/lying" and blanket condemnations of the US military is that it achieves the opposite of what the authors intend — and repelling most readers to such a degree that they are scared off from anything the writer seems to be advocating.

We've seen that with the Atlantic Monthly pictures and blog rumors about Palin's recent Down Syndrome pregnancy, the unhinged hatred columns of the sort of a Salon's Cintra Wilson or those suggesting riots or global hatred of the U.S. if Obama loses, the Matthews/Olbermann rants, the daily salvos from the NY Times columnists,and the hourly Palin rage from spoiled Hollywood prima donnas.

Do they have any idea of how they sound or where this leads? Despite an unpopular incumbent, economic upheaval, unpopular wars, and a charismatic Democratic candidate, the media, hand in glove with Obama's messianic sense of self, are doing all they can to lose a once sure election by the sheer repugnance of the way in which their anger is expressed and expressed and expressed . . .

And again, it seems uncontrollable. Didn't anyone learn from the General Betray-Us ads?
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Thursday, September 11, 2008

Lipstick on a Buffoon


The more apt usage...T
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Monday, September 08, 2008

No Blood for Oil?


No need for Osama...T
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