Fannie and Freddie to modify loan terms to prevent foreclosures. That makes sense to me. Lenders don't like to foreclose any more than borrowers. What doesn't make sense to me is why Fannie and Freddie are owned by the government instead of private companies.
American express is in trouble. If home owners don't have to pay off their debts, and Wall Street companies get bailed out, why not credit card holders? This quote from Amex shows what moral hazard has wrought:
“Given the continued volatility in the financial markets,” said Kenneth I. Chenault, chief executive of American Express, “we want to be best-positioned to take advantage of the various programs the federal government has introduced or may introduce to support U.S. financial institutions.”
GM stock at 65 year low.
Google tracking location, not identities, of flu searches and passing on to CDC. I'm sure this is of great use to government, and I want the CDC to be able to track outbreaks of disease too, but this is right on the edge of Big Brother. Scary.
Osama bin Laden promises attack that surpasses 9/11. What's he going to say? That the next attack will be less impressive than 9/11? This message shows us the failures of Democrat ideology. While Democrats are complaining that Bush is too aggressive in fighting the war on terror, attacking al Qaeda all over the world, bin Laden claims to be strengthing his facilities. It's probable bin Laden is lying, but he still highlights the need to stay on the offensive against terrorists. Note this message was carefully timed to come out after our election, not before it.
NASA planning balloon mission to Titan. That would be cool.
Britain's NHS to pay fat subjects to lose weight. The consequences of this aren't hard to predict. This incentivizes an unhealthy process of repeatedly losing and gaining weight. I have a better idea. Let Britons pay for their own health care. Suddenly being fat will be expensive, and Britons will lose weight and stay more healthy. Obama, Pelosi and Reid want to push this poisonous system on the US now.
Obama plans to start ruling America on Jan. 20th. Bow down before great Pharaoh. Liberals voted for a messianic Pharaoh-king, and that's what we've got.
Obama to design new court system for terrorists. The Constitution only allows for 1 judicial branch, sorry. Or maybe with Pharaoh Obama in charge, the joke is the Constitution, and it's on me. Naturally, the 2 party establishment loves the idea. Leave these prisoners of war where they are. Don't corrupt our legal system. Don't let them loose to kill Americans.
Congressman perceptively points out that Obama's calls for a civilian security force like Hitler's Gestapo and the Soviet's KGB go hand in hand with Obama's Marxist philosophy. Liberals love this idea. They want secret police to crush the real enemy - conservatives.
Obama pulls his first term agenda off his website so he can replace it. I wonder if he'll replace it with his real radical leftist agenda or if he just did it to hide his campaign promises.
Democrats are wasting no time taking out their revenge.
George Will explains how Obama's election is the final and complete repudiation of the system for picking the president created by the founding fathers.
Obama and Democrats' support for getting rid of the secret ballot, institutionalizing coerscion as the means of determining whether a company unionizes or not, is riminescient of the rise of fascism in the '30s.
Democrats are raising voter fraud to an artform. We all know about 2000 when Democrats nearly stole the presidency by changing the rules in Florida and keeping military votes from being counting. Fortunately this baloney was stopped by the Supreme Court. In 2004 they won the gubanitorial race in Washington after election officials in King County kept "finding" new ballots in wave after wave that miraculously put the Democrat over the top. And now election officials in a couple counties in Minnesota are finding mysterious typos that give votes to Al Franken, but nobody else.
Thomas Sowell points out how intellectuals are so easily fooled, they tend to be on the wrong side of history all the time.
After the WashPost admits its bias, Reuters still reports there was no media bias this election cycle. What a joke.
Obama got almost 90 percent of the Muslim vote. I'm sure he got a large majority of the Jewish vote too. By being a blank slate, Obama appeared to be all things to all people. Most will be sorely disappointed.
Obama to change relations with Cuba. I guess that means we're going to become more like Cuba.
Postal Service to cut jobs.
David Limbaugh provides a laundry list of examples of liberal censorship. Their stranglehold on government will seriously damage free speech in America.
Pat Buchanan tries to make the case that protectionism made America great. That's baloney. America was a huge trading power from the beginning. Obviously, we want trade surpluses, not deficits, but his attempt to expand that into protectionism is wrong. We run a trade deficit because of our oppressive tax system and the government prohibition on locally produced energy, nothing else. 400 fortune 500 countries have said they will open their next plant in the US if we adopt the FairTax. The other 100 said they would move their headquarters to the US. Adopting the FairTax and adopting a free market in energy will fix our trade deficit and turn America back into the manufacturing powerhouse we should be. Buchanan also fails to mention government restrictions on the auto industry making them uncompetitive. He's just using this situation to demagogue free trade.
Obama's leaking of his private meeting with Bush shows his nice guy appearance is phony.
Republican Senator DeMint plans to expel Alaskan Senator Stevens from the GOP caucus, taking away his conference positions. Good for DeMint.
Government school teacher tells student that her father will be in the military for 100 years because he voted for McCain. Another school reportedly won't allow students to talk about Barack Obama. I'm sure a few minor tweeks to our government school system will fix everything.
Democrats want to bail out automakers because their employees are union. But there will be new government restrictions and mandates... Government is why they aren't profitable in the first place.
Democrats are planning to grab 401Ks.
I didn't know that Rahm Emanuel was part of the Freddie Mac corruption. Democrats were so mired in that corruption, I guess I should have known. This makes that independent investigation of Fannie and Freddie even less likely. Can't have the president-elect, his chief of staff, the Senate banking chairman and the house finance chairmen all getting busted for corruption, now can we?
Within days of the election, Rev. Wright is back in the news. It didn't take a psychic to predict that one. And it won't be long until he's hanging around the White House. I bet he's there on inauguration day. Obama's repudiation of Wright was a lie. You don't sit in a lunatic's congregation for 20 years then suddenly repudiate him.
The media is laying the groundwork to compare Obama to Lincoln and FDR. I guess they expect Obama to lead us into a civil war or another Great Depression. That's change for the worse we can believe in. The narrative is already being written like it was for FDR. Then, Hoover's lassie fair policies destroyed the country, and FDR saved it. Now Bush's lassie fair policies destroyed the country, and Obama saved it (or will after the depression actually hits).
Plans to make a new national holiday for Barack Obama. I wonder if they'll wait to start carving his face on Mt. Rushmore before or after he's inaugurated.
Obama will change our relationship with the UN. For the worse.
When students are failing, government schools make school easier. Students can redo work they got a zero on and there is no deadline for turning in assignments. That'll work. Government has to cater to the lowest common denominator, and government schools do the same thing.
Streaking is a public nuisance, unless the streaker is a hot babe, and these Halloween streakers should not be treated as sex offenders. The sex offender label should be reserved for dangerous criminals, not pranksters.
Michael Barone really steps in it when he jokes that the media attacked Sarah Palin because they wanted her to abort her downs syndrome baby. What makes somebody think something like that will be taken as a joke? I like Barone and think he's a insightful analyst, but that comment is just stupid and indefensible.
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