All the government interference in the markets has just made matters worse. After everything governments have done, creating great uncertainty and unprecedented new debt, the IMF warns that the global financial system is on the verge of meltdown. Changing the mark-to-market accounting rule and eliminating the capital gains tax is what we should have done in the first place, and it's what we should do immediately still. Then we should repeal that $700 billion bailout, the CRA, privatize Fannie and Freddie, make the Fed stick to its mandate to control inflation, abolish the income tax and payroll taxes in favor of the FairTax, cut the size and scope of government in half, reform entitlements (which will create the financial crisis that will destroy the US otherwise), and implement term limits so these aristocrats can never damage our country again.
Our aristocrats are out of control. California plans to ask the US government for an emergency loan. I bet every blue state, and Ohio which is governed by liberals of both parties, asks the Feds for a loan. Instead of cutting spending, state and local governments continue to increase it and their debt. The aristocrats don't seem to realize that it's impossible to continue to amassing debt forever, but in fact they know it very well. They intentionally destroying America with outrageous spending.
Thank goodness an appeals court halted the ordered release from Guantanamo of 17 terrorists from China. It doesn't sound like these men are affiliated in any way with al Qaeda, so they shouldn't be in Guantanamo because we are only waging legal wars against al Qaeda and its associates and in Iraq. But at the same time, it's absurd to release them in the US. As much as I would hate to turn over revolutionaries to China, I think that's the right thing to do in this case. Why haven't we done that? And why did Bush cave to this order anyway? The judicial branch has no power to interfere in the waging of war, and the president needs to make that clear.
US removes North Korea from list of state sponsors of terrorism. That may not sound very important, but it paves the way for much needed trade with North Korea with the rest of the world. North Korea will renege on this agreement in a few days or weeks just like they've reneged on everything else. Japan opposes.
Secessionists organize conference.
Obama continues to defy a court order to produce his birth certificate. Apparently Obama's sister says she saw him born in Kenya. I don't know what Obama is hiding, whether he isn't a US citizen or something else, but he's hiding something incredibly damning (as if being a Marxist wasn't damning enough). Let's hope this judge has the guts to order Obama held in contempt of court to force him to produce the documents before the election.
Obama tries to downplay ties to ACORN. We shouldn't just focus on ACORN's role in voter registration fraud, but their role in the subprime crisis, and Obama's, as well.
Obama's latest claim about Bill Ayers is he assumed Ayers had been rehabilitated. Obama was partners with Bill Ayers for 3 years and together they spent $100 million radicalizing Chicago youth under the guise of education reform. This new version of the story from Obama is not any more credible than the old stories. At least Obama doesn't think Ayers has been rehabilitated today. Obama might be the greatest fraud in American history.
Insight into Obama's support for infanticide. He really did vote against legislation intended to save the lives of babies who had survived abortion. This is the monstrous way that Marxists look at things that led to the mass murder of well over 100 million people last century. People aren't humans to Marxists. They are tools of the state. Liberals have never understood the depravity of Marxists, and I sincerely doubt any regular human being would support allowing live babies to be abandoned to die after botched abortions like Obama does.
Michael Barone describes how liberals, who classically supported free speech, have turned against it, and how Barack Obama has taken silencing his critics to a whole new level with thuggary and threats of prosecution.
Convicted Obama fundraiser turns state's evidence on corruption in Chicago, but it's unlikely Obama will be affected before the election.
Thomas Sowell reports that Michelle Obama's salary was increased by nearly $200,000 after Obama was elected US senator, and Obama has since earmarked $1,000,000 to the university where she is employed. I think this is clear evidence of a crime. I think if you presented that evidence to a jury, they would convict Obama (Ok, maybe not the messiah, but any other politician) for corruption. Don't get me wrong. They're all doing it. All but a handful. And they're all criminals.
George Will explains that politicians hate term limits because they want to become permanently entrenched and permanently amass power. Duh.
How Daley's Chicago political machine protects Obama and manipulates the press to play down the significance of his radical partners and mentors like Ayers and Wright.
These Republican attacks on Obama by linking him to ACORN are too little and too late. They should have started this in June, and they have yet to bring up the role ACORN and Obama played in sparking the credit crisis.
The WSJ explains that the government is the major source of our economic fear. Government has created incredible uncertainty in the markets, leading to the dry up of credit and this stunning drop in stock prices. That's what government intervention in the economy gets you - bubbles that burst then it makes the correction far more long and painful that it should be. Once government decides to intervene, everybody sits back and waits on government. Capital stops flowing. Credit markets dry up.
Judge rules that Gov. Palin must save Yahoo emails because they had to do with business. What does that have to do with anything? Why aren't politicians allowed to have private correspondence about business? That's stupid, and I doubt it's the law.
Saturday, October 11, 2008
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