"Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes." Good for them. Capitalism is not dead yet, though government is certainly trying to kill it.
Dow is down again by 733 today. Government's attempts to artificially prop up overinflated stocks by propping up bad debt can never work. So even when the corporations enjoy their government protect, market forces will continue to correct for the excesses of government, which means we're in for a far greater, more painful correction now than we were before the bailout.
US troops kill number 2 leader of al Qaeda in Iraq. Excellent. Let's kill the number 1 guy of all al Qaeda next.
Nancy Pelosi's stimulus package has grown to $300 billion. You have got to be kidding me. Democrats want to borrow $300 billion more we don't have from China at taxpayer expense, and they want us to think that's going to be good for us. Our government is a farce. These political aristocrats are jokes.
Oil drops below $72 per barrel. OPEC will fix that by cutting production.
British NHS professionals don't use NHS facilities. They NHS has a trust fund for them to get treatment at private, for pay, facilities because NHS services are so crappy. This gets back to my explanation that Marxism always ends up enslaving the worker. Socialized medicine in Britain, and what Democrats want to implement here, is really communist medicine. It's a government monopoly on health care, and the slave workers are forced to use that government health care. But the central planners use a different health care facility. Michael Moore showed us that it's the same in Cuba. It was the same in the Soviet Union. And that kind of communist slave system is what liberals are pushing for in the US.
The unintended consequences of Europe's demographic crisis grow. Pro-life group in Spain protests Dutch abortion ship sent to Spain to circumvent Spains strict anti-abortion laws. I don't think Spain can legislate that its population stop committing suicide. Europeans need something to live for, and the welfare state has taken that away from them. They need freedom so they feel they can give their children better lives. And we're following the same path toward extinction the Europeans are on. Liberals want us to follow that path too.
Australian PM calls financial crisis a "failure of extreme capitalism." That knocks Australia off my list of possible countries to escape to.
Fraudulent $2,300 campaign contributions for Obama are showing up on credit cards.
Forshadowing what an Obama presidency will look like, Obama campaign issues talking points to the press to insure they are saying exactly what he wants them to say. The mainstream media is nothing but a parrot for Obama.
Justifiable homicides, self-defense killings and killings by police, highest in a decade. It should be a pretty low bar to show self-defense, but it should be a pretty high bar for cops to justify killing somebody.
Parts of California see coldest temperatures in over 100 years. Same in Oregon. Alaska glaciers growing.
Joe Biden has funneled $2,000,000 in campaign contributions to his family members and their businesses over the years. This shouldn't surprise anybody. This kind of corruption passes for politics as usual in the corruption factors of Washington and state capitals all over the country. Our government is a kleptocracy, and both parties are robbing us blind. And we stupidly vote for them every single election anyway. We reelect the same crooks 94 percent of the time and the w parties 100 percent of the time. We deserve every pain our government inflicts on us because we're stupid. I agree with Christopher Hitchens that we have transformed America into a banana republic. And we're going to do it again in a couple of weeks. Bend over and say, "Thank you sir, may I have another."
Boortz on McCain's economic plan.
Jesse Jackson is doing his part to undermine Obama's candidacy again, this time by saying that Obama wouldn't support Israel.
Democrats expecting a filibuster-proof majority. Republicans have nobody to blame but themselves, and voters have nobody to blame but ourselves.
Barney Frank wants to replicate FDR's policies. I guess he wants to repeat the Great Depression they trapped us in too. Barney Frank should be forced to resign and be subject to criminal investigation for his work blocking attempts to regulate Fannie Mae and Freddie Mac. Along with Chris Dodd.
Chinese sovereign wealth fund has applied for access to the US taxpayer bailout via the guarantee for money-market funds. I wouldn't be at all surprised for the socialists in Washington to grant this so even more taxpayer money will flow to China. I wonder if China is using all the taxpayer money our government has sent to them to bribe our representatives into destroying America for them by sending them even more. I think that makes as much sense than any other explanation for our terrible government.
Stanley Kurtz continues to pull the viel back on Barack Obama, revealing a very ugly man. In this essay he links, through documentation, Obama, Wright, and Ayers with extremist black supremists and segregationists. This is the equivalent of John McCain partnering with David Duke to fund the KKK. And liberals embrace this and have the temerity to call mainstream Americans extremists. It's nuts. No mainstream American or conservative would stand for such a thing being done on the right, but liberals embrace this lunacy. Obama's campaign, and the liberal embrace of him and through him of Ayers and Wright and Alinsky and ACORN has really exposed American liberalism. It stands for racism. It stands for segregation. It stands for domestic terrorism. It stands for violence and intimidation. It stands for Marxism.
More on ACORN's voter registration fraud and how taxpayers fund it. ACORN's systematic criminal actions are organized crime. Maybe a prosecutor can get these guys on RICO.
AirAmerica wants to roll back the Reagan tax cuts.
John Stossel explains that the US hasn't done any meaningful deregulation in 25 years, and that deregulation did not cause the current financial crisis. He also shows that government regulation can't protect from problems anyway because the regulators can't possibly know as much as the millions of people in the market know, but the regulator can, and will, harm business.
Author compares federal intervention in the financial market to Macbeth killing the king, and describes how government forced banks to acquesce to government taking ownship stakes. He makes the great point that the reason the feds are buying banks is to force them to make loans. That's how we got into this trouble in the first place. Paulson has gone from the CEO of Goldman-Sachs to Treasury Sec. to Dictator of the entire financial market. That's quite a coup for him. And we elected the guys who made it happen.
Austin Bay explains that for the next president, the Iraq war will become basically a proxy war against Iran, and we have a tremendous advantage having the Iraqis on our side. But it can be lost.
Michelle Malkin itemizes the lists of hateful and violent acts the left are perpetrating but which are never reported, unlike the occasional anger displayed by the right.
Obama's tax credits for people who don't pay taxes are just welfare checks. What's really bad is that many of those people have off the books income, and now they're going to get handouts too.
McCain now promises to use taxpayer money to bailout mortgage owners who can't make payments. People who want taxpayer bailouts vote Democrat. They're the experts at buying votes. It doesn't work for Republicans.
Author explains why the bailout is the wrong solution to the credit crisis, shows how too much regulation caused this trouble, and presents a simple plan to fix the problem - removing the regulations, laws and mandates that started it.
Dick Morris thinks ACORN could bring Obama down. I think that story, which should have been news a year ago and ever since, is too late.
If the Bradley effect still exists, it's because people don't want to be called a racist, not because they are a racist. All of us who don't support Obama are damn tired of being called racist for it, and I don't blame people who don't support him for pretending they do just so they don't have to suffer being called a racist. Ann Coulter examines the polls from history and shows what we all know from personal experience - the polls almost always incorrectly favor the Democrat by 5 to 10 points. But McCain's recent drop in the polls is real.
Murtha calls his constituents racist. Smart. Hopefully they'll kick that jerk out of office.
Wednesday, October 15, 2008
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