This bail out plan reminds me of an old Three Stooges scene. They are in a tiny boat that is taking on water. Larry and Mo are bailing with buckets at the ends of the boat. Curly pickes up a drill and says, “Ahh…a water-letter-outer”. Guess what happens next?
This is what can happen when you let stooges bail you out.
Let’s be thankful that some in Congress are willing to stand up to the hype of those who scream crisis.
Obama and his Anti-1st Amendment goons don’t what you to see this video. That’s why I am posting it.
Recall…he was all for missile defense in the debate. Is he believable?
Was he stating his position in the primary when he was extremely liberal or is he stating his real position now? Is the most liberal Senator really a moderate or is he even more liberal than he is letting on? Can we take that chance?
Nancy Pelosi had the nerve to question the patriotism of Republicans in Congress. The Democrats have been hyper-sensitive to the subject of patriotism. On many occassions, Democrats have displayed childish indignation at perceived patriotic slights.
For years we have heard about the loyal opposition. Now that Democrats are in power, they come right out and call the minority unpatriotic.
Way to go Nancy. Are you trying to drive your approval rating down below 5%.
Barack Obama said in the debate last night that “no US soldier ever dies in vane because he they are carrying out the missions of the Commander and Chief”. Does he really believe that?
He has been talking about his resistance to the Iraq war. In his now famous speech in 2002…which he relives all the time…his last sentence was:
Nor should we allow those who would march off and pay the ultimate sacrifice, who would prove the full measure of devotion with their blood, to make such an awful sacrifice in vain.
Now that he is closer than ever to being the Commander and Chief, all of a sudden it is important for those who would make the ultimate sacrifice know that it is OK as long as they are following his orders.
It’s not bad enough that the MSM is trying to get Barack Obama elected. He is also using bully tactics to stop advertising which is critical of his positions. The NRA has an ad that apparently Barry doesn’t like. He has his lawyers working full time on squelching their point of view (LINK).
Here’s the video. Go ahead. Be like a rebellious teenager. Watch it because Grand Ma Obama says you shouldn’t.
In Atlas Shrugged, the elite liberals could never admit that they were wrong. They were always pointing fingers while they looted time and time again. Their policies of taking from those who succeed to give to those that need was never questioned…until it was too late.
Atlas Shrugged was fiction. It was suppose to be unrealistic. If only that were so.
According to Michelle Malkin (LINK), Obama’s buddies at ACORN are in line to get $100 million dollar payout in this latest Washington Bail Out. ACORN should not be rewarded. The extortion by ACORN and other “community organizers” was a contributing factor to our financial crisis. (LINK)
Our politician now want our tax dollars to fund ACORN further. They say that Wall Street Greed is the cause of our problems (like Wall Street wasn’t greedy until recently). They say that deregulation is the problem…even though regulation of Fannie Mae and Freddie Mac was resisted by advocates of easy loans for minorities.
Barney Frank and Chris Dodd are complicit in this mess. How can they be trusted to be part of the solution? That would be like asking Ken Lay to fix the mess created by Enron.
They won’t fix the problem if they can’t see the problem.
Stop The ACLU has picked up on another Obama Gaffe (which will be ignored). Concerning the upcoming debate, Obama was trying to act presidential:
“With respect to the debates, it’s my belief that this is exactly the time when the American people need to hear from the person who, in approximately 40 days, will be responsible for dealing with this mess.â€
It would be more presidential if he realized that the next president won’t be responsible until inauguration day.
The global warming scare mongers were wrong again. Many predicted that the arctic would be ice-free this summer due to global warming. That didn’t happen. In fact, there was 9.4% more ice than there was last year.
At the start of the surge, Harry Reid boldly pronounce the war is lost. He was wrong.
Now Harry Reid accused President Bush of “fiscal dereliction of duty”. He is wrong AGAIN.
The crisis we are in was caused by government, but not the executive branch. The Bush Administration has been calling for the Congress to reform Fannie Mae and Freddie Mac for years. In 2005 a tough messure was proposed by Republicans. At the time, Republicans were in the majority. John McCain was a supporter of the bill.
The bill (S109) was killed in committee on a party line vote by the Democrats. Is it any wonder that Congressional Approval Ratings are below 10%?
Time and time again, Democrats have pushed for more loans to minority community.
Time and time again, Democrats have supported the disgraced Fannie Mae and Freddie Mac
Time and time again, Democrats profited from the mortgage system..both politically and fiscally.
It was Congress who created the rules under which Fannie Mae and Freddie Mac prospered and then died. The “dereliction of duty” belongs to Congress, not the Bush Administration.
Is it possible that Barack Obama is in deep deep trouble? We are aware of his Community Organizing. He wears it like a badge of honor. We are aware that he has taken money from Fannie Mae. We are aware of his ties to ACORN (LINK). We are aware that a housing crisis has the economy on the brink.
What many may not be aware of is that all of these issues are related.
Thomas J. DiLorenzo is a professor of economic as Loyola University. He describes how community organizers used extortion to create the subprime mess. Here are some of the key points (LINK)
The thousands of mortgage defaults and foreclosures in the “subprime” housing market … is the direct result of thirty years of government policy that has forced banks to make bad loans to un-creditworthy borrowers. The policy in question is the 1977 Community Reinvestment Act (CRA), which compels banks to make loans to low-income borrowers and in what the supporters of the Act call “communities of color” that they might not otherwise make based on purely economic criteria.
The original lobbyists for the CRA were the hardcore leftists who supported the Carter administration and were often rewarded for their support with government grants and programs like the CRA that they benefited from. These included various “neighborhood organizations,” as they like to call themselves, such as “ACORN” (Association of Community Organizations for Reform Now).
Banks have been placed in a Catch 22 situation by the CRA: If they comply, they know they will have to suffer from more loan defaults. If they don’t comply, they face financial penalties and, worse yet, their business plans for mergers, branch expansions, etc. can be blocked by CRA protesters, which can cost a large corporation like Bank of America billions of dollars.
if one browses the ACORN web site, one can read of their boasts of having “predatory lending laws” passed in numerous states which outlaw such fees, prohibiting banks from protecting themselves from the added risk involved in making forced loans to “subprime” borrowers.
These are price control laws, and price controls always cause shortages. Normally, banks would respond to such laws by extending fewer riskier loans. But in this case the banks are forced to continue making the marginal loans by their bureaucratic masters at the Fed and the other three federal bureaucracies… So-called predatory lending laws therefore force the banks to “eat” the losses. This is undoubtedly a contributing factor to the bankruptcy of dozens of mortgage lenders over the past year.
Do we really want a “Community Organizer” to run the country?
If an organization that is devoted to checking facts can’t get the facts straight, how is the average American suppose to do it?
Stand on principles, not details.
If your principals match a candidates, then the details of his plans don’t matter.
Hat Tip: Michelle Malkin
When asked about the financial crisis, Joe Biden pulled out the old Democratic playbook and invoked the memory of FDR.
When the stock market crashed, Franklin Roosevelt got on the television and didn’t just talk about the princes of greed. He said, ‘look, here’s what happened.’” (LINK)
Let’s ignore that fact that the economy was absolutely horrible under FDR for EIGHT YEARS!!!!
He got on TV, Joe? The first public broadcast of a TV signal was in 1936…7 years after the Depression started.
OK…let’s give Poor Joe the benefit of the doubt. He really meant radio. But…
The Stock Market Crash was in 1929, and as the Democrats tell us every four years, a Republican named Hurbert Hoover was the President at the time. FDR was Governor of New York.
What is Joe Biden trying to say? Is David Paterson (the current governor of New York) suppose get on some “future box” to communicate warm fuzzy feeling to us?
Can Poor Joe go a single day without saying something stupid?
The liberals are complaining that an advertisement by John McCain pointing out a relationship between Barack Obama and Franklin Raines is racist. Why? Becuase Franklin Raines is black and the person who was portrayed as being hurt by the scandal was an elderly white woman. Since minorities where more likely to be the recipients of subprime loans (for which we must all pay now), would it make sense to have the vicitim be black?
This is the Willie Horton Syndrome. Let me explain.
George Bush effectively used an advertisement against Michael Dukakis in 1988. The ad told a truthful story about a weekend furlough program that Dukakis supported. A convicted felon serving a life sentence fled from his weekend furlough, killed a man and repeatedly raped his victims girlfriend.
The famous Willie Horton ad pointed used this crime to portray Dukakis was weak on crime. Having no defense, the Democrats claimed the ad was racist.
Here is something everyone should pay attention to. Next time a burglar alarm or home security system is showed on TV, pay attention to the actor that portrays the burglar . The actor is ALWAYS white.
This applies to sex as well. The next time you see a man-versus woman sporting contest on your favorite sit-com, take notice of who wins. It will either be a tie or that woman will beat the man. I realize they are looking for a story. The story would be boring if the man won, but I can’t remember the last time I saw a man beat a woman in a sport on TV. To Hollywood, uncoordinated men are funny…uncoordinated woman are not?
If you watched TV 24 hours a day, you would think that white men are criminals and terribly uncoordinated. I would like to coin the phrase the “Willie Horton Syndrome” as only portraying white men as the perpetrators of bad deeds.
Liberals don’t listen. They think conservatives are selfish and evil. That explains this response to Laura Ingram saying “greed it good”
The conservative radio talk show host said, in defense of investment bankers who are now in the doghouse: “Greed is good for America.†I thought I misheard her, but then she said it again: “Greed is good for America.â€
At last the conservatives have come up with a slogan that tells the truth about what they really believe in. Not jobs for the working class. Not regulation to prevent predatory lending. Not oversight to curb excessive speculation. Not the public good.
Just good old-fashioned greed. (link)
What liberals fail to understand about conservatives is that conservatives think everyone does better as a whole when we look out for our own self interest. Adam Smith described the “invisible hand” where individual pursuits unintentionally benefited society. An example from the “Wealth of Nations” describes the Butcher, the Baker, and the Brewer. Each provide goods and services to each other out of self-interest (or greed); the unplanned result of this division of labor is a better standard of living for all three.
A little known story about the Pilgrims brings is a real world example of this theory. When the Pilgrims first traveled to the New World, they experimented with a new system where the food was to be shared from common fields. They almost starved until they changed to an ownership society based on self interest. The governor William Bradford wrote
For this community … was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort. For the young men, that were most able and fit for labour and service, did repine that they should spend their time and strength to work for other men’s wives and children without any recompense. The strong … had no more in division of victuals and clothes than he that was weak and not able to do a quarter the other could; this was thought injustice…. Upon … all being to have alike, and all to do alike, they thought … one as good as another, and so … did … work diminish … the mutual respects that should be preserved amongst men…. Let none object this is men’s corruption … all men have this corruption in them… (link)
Today, we would bail the Pilgrims out with money confiscated from productive people…and they would continue in their unproductive socialist ways.
I did not hear Laura Ingrams show, so I don’t know what followed the “greed” comment. I have listened to Laura’s show in the past, so I am sure she explained her position. You will notice that this particular liberal doesn’t even get that far. As soon as “Greed is good” came out of her mouth, he stopped listening. He neither presents her argument or tries to refute it. He is uninterested and didn’t listen.
If paying taxes makes you patriotic, then not paying taxes must be unpatriotic. Does Joe Biden think the 40% of Americans who pay no income tax are unpatriotic?
That’s a winning message. Way to go, Joe!
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