2008 September

Is it patriotic to be a socialist? Is it patriotic to ignore the Constitution.

Joe Biden said yesterday,

We want to take money and put it back in the pocket of middle-class people,…It’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.

Biden admits that he wants to redistribute wealth (“take money…put it back”). Could it be any more clear?

The President will take an oath to uphold the Constitution. The power of redistributing wealth is not the Constitution.

To a liberal, grabbing power to push a undermine the Constitution with a socialist agenda is “patriotic”.

Liberal seem to have a hard time deciphering the meaning of words. They don’t know what “is” means. They don’t know what “lie” means. They don’t know what “patriotic” means. They don’t know what “privacy” means. If you have a liberal friend, buy them a dictionary this Christmas…I mean Winter Celebration.

Posted by: The Elephant Owner in Election on September 18th, 2008

Hackers have broken into Sarah Palin’s personal e-mail account and published stolen private information on a public web site (LINK). Let’s look beyond the fact that she is a conservative that has been ficiously attact since John McCain announce her as his running mate. The unfair personal attacks on her family and now the invasion of privacy is just another attempt by the left to intimidate conservatives.

If the shoe was on the other foot, I’m sure the crying and whining by liberals would be deafening. Will the party that supports abortion as a Constitution “privacy” issue speak out against this invasion of privacy?

Who would want to run for office in such an environment?

To run as a conservative requires a special fortitude. Maybe that is why the presidency, the most difficult election to win, has been overwhelmingly won by Republicans since 1970. Americans want a president with fortitude.

I would think that surviving the Hanoi Hilton for years shows fortitude. I’m not so sure that being a community organizer does quite the same thing.

Posted by: The Elephant Owner in Election on September 18th, 2008

Why on Earth did they ever create subprime loans? It just doesn’t make sense. Lending money to people who are likely to default goes against every ounce of common sense. So how did it happen?

Investor Business Daily has some insight (LINK)

… it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.

Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.

Emphasis on forced is mine

Posted by: The Elephant Owner in Free Markets on September 16th, 2008

Only 60% of the country thinks that the Supreme Court should make “decisions based on what is written in the constitution.” 30% think that judges should be guided by fairness. (LINK)

This is an incredibly stupid position. How can anyone know what the law is if it is based on a judges sense of fairness? This would make any disagreement between parties a potential case to rise to the highest court in the land. This leads to ambiguity in the law and frivolous law suits. This leads to ridiculous court outcomes and even more partisan bickering over judges. No wonder Democrats are so against conservative judges. They expect them not to follow the Constitution.

The information on the site did not break down that 30% by partisan believes, but I would be willing to bet that a great majority of those who believe the Constitution means nothing are Democrats.

Posted by: The Elephant Owner in The Law, Judges, Lawyers and other snakes on September 15th, 2008

Barack Obama submits his theory as to why the financial systems are melting down:

Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans…”(LINK)

Fannie Mae and Freddie Mac weren’t regulated enough? Consumer protections caused investors to take extrodinary risk? CEO Bonuses are why the companies are trillions of dollars in debt?

Earth to Obama!!!

There were too many houses built. Now we have a housing surplus. Real Estate was over valued and a price correction happened. This is good for some (buyers) bad for others (speculators). The real financial crisis was caused by the government. Freddie Mac and Fannie Mae are huge because they were backed by the government. Freddie Mac and Fannie Mae are huge because their quasi-government status killed off competition.

Government entities make decision with political calculations. Did it occur do Mr. Obama that the government’s push for minority home ownership lead to high risk loans? Did it occur to the Harvard educated messiah that Freddie Mac and Fannie Mae ARE THE PROBLEM.

Who was the biggest supported of Freddie Mac and Fannie Mae…the Democrats. Yet in Barack Obama’s world view, the problem was caused by Republicans. Don’t get me wrong. Republicans are as much to blame for this crisis as the Democrats. What got us into trouble is the government meddling with business and the free market.

What worries me is that you have to understand the problem before you can address it. If Barack Obama thinks that our financial woes were created because of insufficient consumer protections or Wall Street bonuses, then he either does not understand the problem, or he would rather spout typical divisive class-struggle rhetoric instead of dealing with the issue.

UPDATE: Hat tip Patterico’s

In the current Congress, 271 lawmakers have collected nearly $3 million since 1989, with 72 percent going to Democrats. Democratic presidential candidates and senators Hillary Clinton and Barack Obama top the list of all-time recipients for the company, collecting $410,000 and $395,600 respectively. Sen. Charles Schumer, D-N.Y., a member of both the Senate Banking, Housing and Urban Affairs Committee and the Senate Finance Committee, hauled in $181,450, while Sen. Chris Dodd, chair of the Senate banking committee, has collected $165,800.(LINK)

Lehman’s bankruptcy comes on the heels of the federal government takeover of government-sponsored mortgage buyers Fannie Mae and Freddie Mac, whose associates were also big givers to Obama and Clinton…

…Barack Obama has extensive ties to the subprime mortgage industry, starting with his National Finance Chairwoman, Chicago billionaire Penny Pritzker

Posted by: The Elephant Owner in Economics,Free Markets on September 15th, 2008

Bob Roggio is running against Jim Gerlach in PA-6.

..we have these serious problems in America, we’ve had them for many years and basically we are going to talk about his inaction: the inaction of Gerlach and the inaction of George Bush. Sometimes, to me, inaction is actually worse than making the wrong action… (LINK)

Let’s point out to Roggio that Jim Geralch and the Republicans do not set the agenda in Congress anymore. Nancy Pelosi does. Our most immediate problem is energy and the Democrats have done absolutely nothing to address the problem. The Congress has been out of sessions for months and it is very unlikely that they will return to session before the election. If Bob Roggio wants to blame someone for inaction, his finger should be pointing at Nancy Pelosi.

Jim Gerlach’s position is that we need an all out assualt on energy. We need to open up the avenues to business to drill, to build nuclear plants, to utilize clean coal technologies and to use incentives to spur research into alternative energies. The Democrats only want to promote policies OK’d by the enviornmental extremists.

Then there is the statement that sometimes the wrong action is better than no action. I whole heartily disagree with that statement. During the Great Depression, FDR was full of action. He constantly created new rules and gave new powers to beauracrats. This left business timid and unwilling to take business risks. In the end, FDR presided over 8 years of a depression.

Like FDR, Bob Roggio does not believe in the free market. He blames the free market for the current state of our healthcare system. The healthcare problem is far from being a free market. It has been distorted by the tax code, government mandates and unconstitutional limits to out-of-state health insurance. Bob Roggio’s twisted logic leaves him thinking that the government is the solution.he says:

You can’t jump from where we are today, which is basically an open free market system, to a government-run system of universal healthcare. I think we have to take our time and head towards that direction,

In other words, Roggio’s ideas are out of touch with what most Americans want so he is going to have to rope us into it in incremental steps. These programs start as minor programs that can’t ever be cut or even scaled back. Whenever someone stands up against government run healthcare plans, a Democrat will always get up to demonize their opponents. The basic line of attack from the Democratic playbook is, Republicans are evil and they don’t care about children and your family.

Once these government run programs are started, they only get bigger. Medicare and Medicaid have grown so much that they represent a significant percentage of our economy. Such size without proper oversight leads to massive fraud. It is estimated that billions of dollars in Medicare payments are fraud! Bob Roggio would slowly expand the government’s role and bankrupt the country in a sea of inefficiency and fraud.

Bob Roggio also claims that there are 47 million people without healthcare. That is wrong. There may be millions without health insurance, but people are not denied services. Hospitals have millions of dollars in uncompensated services. In otherwords, millions of people just don’t pay. In Pennsylvania, the hospitals work with the state to come to some kind of reimbursement plan. The government ends up paying some of the bills. The rest of the cost is passed on in the form of higher prices…paid indirectly by those who have insurance. There is a huge difference between no insurance and no healthcare.

Bob Roggio is a big government tax & spend liberal. If that is what you want from your congressman, then Bob is your guy.

Posted by: The Elephant Owner in Election,Health Care,PA Politics on September 14th, 2008

40% of American households pay no income tax (LINK). Obama is advocating a middle class tax cut. It won’t be long before over 50% of the households in American don’t pay any income tax. Voter concern for Washington spending sprees decreases with everyone taken off the hook.  Spending always gets out of control when someone else is paying the bills. We see it with business expenses. We see it with health insurance. We already see it in Washington.

Beware the tyranny of the majority.

Posted by: The Elephant Owner in Economics on September 14th, 2008

Bob Hebert of the New York times is concerned that “Dimwittedness Might Actually Prevail”. Here we go again. Every conservative is dimwitted…or an idiot…or a buffoon. The liberal intellectuals are very impressed with themselves, even in the face of consistent error. Ronald Reagan was an idiot and was going to get us into WWIII…only he ended the Cold War instead. George Bush is an idiot who has made us less safe, except we haven’t been attacked in 7 years. Now Sarah Palin is dimwitted.

Mr. Hebert is concerned that Sarah Palin is not ready to be Vice President. Does he hold the same concern about Barack Obama being President? Sarah Palin has only been a governor a short while, but Barack Obama has only been a senator a short while…and he spent most of the time running for President. If running for president makes you qualified to be president, then everyone running for president is qualified.

Mr. Hebert longs for candidates that explain themselves in “sophisticated” ways and then expresses concerned that Sarah Palin does not know how to respond to a generic question about the Bush Doctrine. Hebert then sums up the Bush Doctrine into one neat un-sophisticated packages. It’s all about Iraq. Sarah Palin didn’t go into details of here take on the Bush Doctrine, but then again, Hebert didn’t go into details into what she got wrong or how he came to the conclusion that she was “Absolutely clueless”. Somebody please remind me who is the dimwitted one?

Posted by: The Elephant Owner in Election on September 14th, 2008

A doctor in Canada has expressed his concern that Sarah Palin’s decision to not kill her son Trig may decrease the number of abortions. He says that not every woman is prepared to deal with the consequences of Down babies. Maybe his real concern is that the socialist system he works for is not prepared for more Down babies.

The liberals are always screaming pro-choice.  This guy is concerned that people will chose not to abort. Do liberals have any guiding principals or do they just make it up as they go along?

Posted by: The Elephant Owner in pro-life on September 11th, 2008

Barack Obama says that he will create jobs by “strategically investing” 150 billions dollars in renewable energy programs and alternative fuels. That sounds great…to a socialist.

Did I miss a part of Obama’s resume? Did he run a large mutual fund? Did he manage a venture capital firm? Did he study electrical engineering at Harvard?

The truth is, Obama has no experience in investing anything but the millions he made selling his book…and chances are that he passed that responsibility over to a financial manager or blind trust.

The problem with government “investing” is that governments are slow to react and decisions are made with political calculations. Who will decide who gets the biggest chunks of the 150 billion? Who will have to be satisfied? Will decisions be made by which districts have close races or by environmental wackos. Will all the work have to go to union workers? Will we put our children future further into debt investing in green jobs?

Congress works at a glacial pace. What if it is apparent that an “investment” is not working. Will there be someone there to take the blame? Will there be a mechanism by which the government bails out on the investment before billions are wasted.

The track record of the government investing is abysmal. Maybe Barack Obama could explain to us why it failed in the passed and how he plans to avoid the same pitfalls, but I don’t it.

Posted by: The Elephant Owner in Economics,Election,Free Markets on September 10th, 2008

Don’t worry about experience when electing the next president. Remember, Jesus had no experience and he was a pretty good savior. According to Rep. Steve Cohen, D-Tenn.

Jesus was a community organizer, Pontius Pilate a governor. (LINK)

Of course, Woodrow Wilson was a governor from New Jersey. FDR was a govenor from New York. Jimmy Carter was a governor from Georgia. Bill Clinton was governor from Arkansas. All were Democrats. Just ignores that…they weren’t anything like Pontius Pilate.

Keep it up, guys. Maybe by November you will have convinced American that Barack Obama would make a better Vice President to John McCain than Sarah Palin.

Posted by: The Elephant Owner in Election on September 10th, 2008

Charlie Rangel fancies himself the protector of the poor in Harlem. It turns out he is a greedy, law-breaking Democrat who feels that it is not morally wrong to raise taxes on everyone else while simultaneously cheating on your own taxes. (LINK)


Posted by: The Elephant Owner in Congress on September 10th, 2008

I prefer that the government split up Fannie Mae and Freddie Mac and then cut the cord. At this point, it looks like the Bush Administration is going to let the next administration deal with the issue. The Director of the Congressional Budget Office says

…Fannie Mae and Freddie Mac should be directly incorporated in the fedearl budget (link)

If they decide to go this way, I hope the CEOs and big-wigs inside these companies are treated like civil servants. In otherwords…their salaries and benefits will be dramatically cut.

This will also make them responsible to Congress. I have no expectation that the Democratic Congress will do any investigations into this mess. However, it will give the Republicans a great campaign opportunity to fight corruption and government waste. The numbers involved in this bail-out are too big for the public and the media to ignore.

Posted by: The Elephant Owner in Congress,Economics,Election,Free Markets on September 10th, 2008

John McCain put out an ad against Barrack Obama’s accusing him of supporting sex education for kindergartners. This is a policy difference. In response, Barrack Obama directly questioned John McCain’s honor.

It is shameful and downright perverse for the McCain campaign to use a bill that was written to protect young children from sexual predators as a recycled and discredited political attack against a father of two young girls – a position that his friend Mitt Romney also holds. Last week, John McCain told Time magazine he couldn’t define what honor was. Now we know why.”

Obama doesn’t defend his position. He doesn’t explain the bill. He uses his children as a shield, says Mitt Romney agrees with him and then launches a personal attack.

Most Americans can’t define honor, but like pornography, they know it when they see it. John McCain has it. McCain should let this one slide as another Obama mean-spirited comment.

Where’s the “Change”?

Posted by: The Elephant Owner in Election on September 10th, 2008

I was on my feet for about 4 hours straight to see John McCain and Sarah Palin in Lancaster, PA today. They both gave their basic stump speeches. Sarah Palin added a barb about Barack Obama voting for earmarks in response to criticism that Palin originally supported the bridge to nowhere.

A couple of other observations. I was surprised to see Sarah Palin’s husband on stage with her and Senator McCain.

It sounded to me like Senator McCain is starting to lose his voice.

At one point, Senator McCain asked all the veterans to raise their hand. I was amazed at how many vets were there.

I took some pictures. They aren’t available because I took them with my film camera since it has the best lens. Can you believe a techno geek with a blog uses film?

Posted by: The Elephant Owner in Election on September 10th, 2008