Sunday, October 19, 2008

Free kibbles

Pennsylvania government mandates that electric companies cut energy output by at least 1 percent a year. Are they on drugs? They must think they're gods instead of politicians. Energy use isn't going to drop. This is a mandate for rolling blackouts. Of course, once those start and people start moving out of Pennsylvania, the richest first, energy usage will go down. It would be far less painful to banish the richest 1 percent of the population in Pennsylvania.

Dallas homeowner shoots and kills man trying to steal his TV. Home invasions are going to drop like a rock in Texas.

Ohio is voter fraud center of the election again. Sec. of State Jennifer Bruner asked the Supreme Court to block a Republican lawsuit demanding Bruner's office do more to help counties uncover fraudulent voter registrations from ACORN and others. The Supreme Court threw the lawsuit out because the GOP didn't have standing. Apparently an actual candidate should have filed it, not the GOP in general.

The Secret Service reports that claims that Republicans shouted "kill him" about Barack Obama are false. I witnesses had already reported that too.

Colin Powell endorses Obama. Boy, did I just lose a ton of respect for Powell. The kind of transformation Obama wants is terrible for America. Why was he a Republican? Obama raises $150 million in Sept. Wow. It's just stunning how poorly Obama has performed given all his natural advantages. He's historic, He's swimming in money, Bush is terrible, Democrats are looking at a wave election, the financial crisis couldn't have come at a more providential time, and McCain has run one of the most inept campaigns in memory. But Obama is barely ahead.

I loved McCain's Senator Government misspeak in the debate. I agree with Boortz that McCain should call Obama that from now on.

Dick Morris thinks that McCain managed to make enough points on taxes and spending in the debate to give him a chance to win in November.

I don't know how anybody could compare McCain's immediate response the financial crisis, suspending his campaign and returning to Washington, to Bush's preceived slow response to Katrina. If anything, Obama was the one who was slow to respond. Obama sat on the sidelines the entire crisis and quietly went along with whatever Dodd, Frank, Reid and Pelosi said. McCain has been hurt because he's a Republican and the president during the crisis is a Republican and because Paulson's plan did split Republicans. Bush has always been McCain's worst enemy in this campaign, and Bush may have put the final nail in McCain's coffin with Paulson's unprecedented socialist power grab.

Liberals are trying to paint Bill Ayers as an education reformer. I wish McCain would have drilled Obama when he called Ayers a professor of education in the last debate. McCain should have pointed out that Obama's and Ayer's 3 year, $100 million shared vision for education reform produced no positive results.

Saturday, October 18, 2008

Free kibbles

Bush to hold a global economic summit. Lovely. A bunch of central planners getting together to centrally plan how they can further interfere in our economy and take more freedom from us, ostensibly for our own good but really for their own good and we'll suffer the consequences.

The press has been missing in action on our success in Iraq, but they're all over this tiny rally in Baghdad, only a few thousand people in a city of 7 million, and that's probably exaggerated knowing our press, of protesters who don't want Iraq and the US to sign a security pact.

4 out of 5 al Qaeda online forums have disappeared.

McCain suggests that Obama's tax plan is socialist. Did he just figure that out?

Cato reports that the Treasury Dept. has no authority to force banks into selling it shares, but it did so anyway. Author explains that this will lead to further abuses of power and further damage our markets.

Pat Buchanan explains that if Obama wins the presidency, he will be at war with America. On a 2 dimensional scale, America is center-right, and Obama is about as left as it gets. Americans won't like that. Obama is trying desperately to appear moderate in the general race after winning the nomination by taking the far-left, and it appears he's fooled enough Americans to get away with it so far in this anti-Bush environment. But the race isn't over yet, and the more he talks about using government force to spread people's wealth to other people, the more ground he will lose. There's no chance that Obama will govern as a moderate. He's a not very stealthy Marxist, and we can only hope voters figure it out in time.

Thomas Sowell shows that Obama's record on reform and moderation doesn't match his record. Thomas Sowell wonders why negative campaigning has become so stigmatized. I think its because since all of our politicians are corrupt, the people are tired of hearing about it. Every campaign exaggerates the weakness of the opposing candidate. Except McCain. He's gone out of his way to help hide Obama's lifelong pursuit of Marxist ideals. That's just crazy.

I remember this Gallop poll showing only 13% of Americans want government to spread the wealth around, which is the basis of Barack Obama's entire economic plan. But the Bush hatred is still enough to keep Obama slightly ahead. I still think McCain would have been smart to tie Obama's socialist economic policies to Bush's socialist administration.

Friday, October 17, 2008

Free kibbles

After teaming with Chris Dodd and Barney Frank and telling us Congress had to pass the bailout bill immediately with no debate or the sky would fall, Bush urges patience on the economy.

China to photograph all customers at internet cafes. That's for publishing that. Now the US will do the same within 5 years.

Apparently McCain just got a clue and recognized that Obama's boondoggle to pay give "tax credits" to people who don't pay taxes is welfare. Obama must have been coming up with anti-American plan after anti-American plan, knowing it takes weeks to penetrate that old man's brain. In 4 years, maybe we can have an self-destructive idiot savant battle it out with a mentally challenged person in the 2 party's race to the gutter.

Thursday, October 16, 2008

Free kibbles

According to liberals, if you are critical of ACORN's voter registration fraud, you support voter suppression. Please.

This is a great time to be a communist in America. With Bush the Democrat in charge and Obama on deck, no wonder.

Instead of addressing the very real issue brought up by Joe the Plummer that Obama plans to spread other people's wealth around, the mainstream media has chosen to attack the messenger. That didn't take long.

Obama supported the Democrat filibuster of Fannie Mae and Freddie Mac regulation even though he new about the subprime problem. That's what Obama calls leadership, reaching across the aisle, and doing the right thing for America.

Chicago Sun-Times writer outright calls Sarah Palin a racist.

Apparently Jesse Jackson went even farther than just saying Obama would reduce US support for Israel and linked Obama with Muslims because of his background. Surely Jackson wasn't intentionally undermining Obama. This has to be just stupidity, right? Maybe Jackson didn't get they memo that telling the truth about Obama is bad for Obama.

George Will discusses saving Gettysburg for posterity.

Laundry list of evidence that Barack Obama is a communist. It's about time she noticed. And I prefer the term Marxist.

Wednesday, October 15, 2008

Free kibbles

"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.

Tuesday, October 14, 2008

Free kibbles

Bush claims $250 billion bank rescue plan "is not intended to take over the free market, but to preserve it." Don't you love it when socialists pretend their socialism is for the good of the (nonexistent) free market? And people believe them? We know what the road to hell is paved with. Now Paulson plans to buy stock in thousands of banks. This guy thinks he's the sole central planner of our economy. If you're a shareholder in a big bank, the government has chosen to make you a winner. If you're not, the government has chosen to make you a loser. It's hard to say this is the beginning of the end of freedom in America because we've been losing freedom at an ever increasing pace for a long time, but this is the biggest jump in loss of freedom in nearly a century.

Pat Buchanon smacks readers right in the face with a big dose of truth. Government spending will be cut regardless of our wishes. This cut forced on us by our creditors will be devastating because we surrendered our power to control a reduction in federal spending long ago. I would say it's going to be ugly, but that's such an understatement, it's worthless. I've tried to explain to anybody who would listen that we can't fight terrorists, the Chinese, or the resurgent Russians if we're broke. Nobody listened. I've said that entitlements will destroy America, but it looks like recent events are going to destroy American even sooner. America, it's been nice knowing you, and I thank you for everything except your blind devotion to the 2 parties which are destroying us.

Did we really need a federal judge to order Ohio to check voter registration? This is Ohio, where generally anybody can vote under any name as long as they're wearing pants, so yeah.

McCain to offer new economic plan. It's like these guys didn't know our economy was in dire straits. I have the same economic plan I always had - adopt the FairTax and the cut the size and scope of government in half. That's a better economic plan than all the other plans combined. The FairTax alone would create an economic renaissance the likes of which we've never seen in America. If we cut government spending, regulation, mandates, etc. in half, I think we could see 8 percent sustained growth in the US economy.

It took me a few tries to find an article that pointed out that the latest Congressional sex scandal involves a Democrat. The first article I read labeled Pelosi as a Democrat, but not the congressman in question, Florida Democrat Mahoney. The article was basically trying to make Democrats look good for calling for the investigation while covering up that the person being investigated is a Democrat. The media instinctively try to cover up for Democrats. This guy replaced Mark Foley. They're all doing it.

Toledo blade editor believes that Americans have a right to a job where they live. In other words, it's the responsibility of government to provide jobs wherever people choose to live. Live on top of a mountain? Government must find a way, at taxpayer expense, to provide you a job there. This guys it nuts. Where did these weirdos get this bizarre notion of what a right is? Had to be government schools.

Literary critic speculates that Bill Ayers was Obama's ghost writer for Dreams of My Father. If true, liberals wouldn't bat an eye. They embrace Obama and Ayers. This kind of speculation shouldn't pass for analysis.

Obama campaigned for and supported a Kenyan opposition candidate who is a Marxist, promised to make Islam the one true religion in Kenya, implement Sharia courts and the whole nine yards, and who supported genocide. Obama said this is the kind of change Kenya needed, and it's the kind of change he wants to bring to America. But liberals will vote for him anyway. Obama is the most dangerous major candidate in history, and liberals love him for it. Support for Obama shows the moral bankruptcy of liberalism.

2o major policies on which Obama agrees with Bush the Democrat. Obama is a recent convert to some of these - since he won the loony left beauty contest in June.

We can only hope that homeschooling will skyrocket if Obama wins. Why wait? Our schools are dangerous enough now that every parent who can should homeschool.

It shouldn't take hundreds of esteemed economists to condemn Obama's tax plan to convince voters not to vote for him, but it sure helps. But 47 percent still think Obama's tax plan is good for the country anyway. Decades of a government monopoly on education is paying off for Democrats.

Monday, October 13, 2008






McCain's Health Care Plan Is a Step in the Right Direction


by Mark Luedtke




We all know the problem: at any one time, 47 million Americans are without health insurance. Not the same 47 million over time, but many Americans who want health insurance can't afford it because of skyrocketing costs. One reason is our population is aging. In that sense, our health care system is a victim of its own success at keeping Americans alive longer.




Another major factor is that government, either directly or through subsidies and tax breaks, pays 60 percent of all health care expenditures in the US. 72 percent of Americans have their health care subsidized by government. That's like government subsidizing the cost for 72 percent of Americans to dine at the all you can eat buffet. That may appear compassionate on the surface, but imagine what would happen when Americans stampeded to the buffet. Because of increased demand, the customers would waste food, the price of the buffet would increase almost as fast as the waistlines of Americans, the price of the subsidy would go up, anybody without subsidies couldn't afford to eat there, and Americans' health would deteriorate as fast as they emptied their plates. The owners would get rich, taxpayers would get more poor and more unhealthy, and 47 million Americans wouldn't be able to afford to eat there.




When a third party, whether government or an employer, pays for your health care, health care looks like that buffet. Got a hangnail? Go to the doctor. Did you sneeze? Go to the doctor. Feeling run down? Go to the doctor. And who needs to bother with a good diet and exercise when somebody else is paying for the Lipitor and Norvasc? Third party payer systems make us more unhealthy and wasteful, driving up demand and therefore the price of health care.




John McCain's health care plan addresses the root problems of third party payer systems by shifting incentives from employer provided health insurance to individually owned health insurance plans. McCain's plan would close the income tax loophole for employer provided health care plans, instead providing a $5,000 tax credit for every family or a $2,500 tax credit for individuals who purchase health insurance, with anything left over going into a Health Savings Account (HSA), a tax free savings account for health care expenses.




Right now, if a company provides a $12,000 per year policy to its employees, that $12,000 in income isn't taxed. Recipients of employer provided health care care plans get a tax break compared to Americans who buy their own health insurance. McCain's plan would fix that by taxing the income and giving a tax credit to every individual or family. For example, if the employee was in the 25 percent tax bracket, he or she would owe $3,000 in new taxes. But assuming the employee is filing for a family, McCain's plan would give a tax credit to the employee of $5,000, effectively cutting the family's taxes by $2,000. The credit goes straight to the health insurance provider to pay for the insurance policy. If the policy costs less than $5,000, the remainder goes into an HSA.




But suppose the employee didn't want $12,000 worth of coverage. He could opt out of his employer's plan, take that $12,000 as additional salary, and buy a $10,000 plan instead. He'd still get McCain's tax credit, and he would put $2,000 in his pocket. McCain's plan creates incentives to buy insurance and to move from wasteful third party payer systems to individually owned health insurance policies.




One criticism of McCain's plan is that it would raise taxes on some people. If the example employee above was single, his tax credit would be $2,500, and he would have to pay the difference of $500 in additional taxes. However, the same individual could find a cheaper policy on the private market and more than make up the difference.




And under McCain's plan cheaper policies will be easy to find. When Americans buy products with their own money, they demand quality products at low prices. The same will be true with health insurance. Americans will demand better policies and service at lower prices, and insurance companies will supply them or be replaced. Healthy Americans purchasing private policies won't have to pay higher prices to subsidize unhealthy people.




Allowing all health care plans to be sold in all states will dramatically lower prices. Michael D. Tanner from the Cato Institute explains that because New Jersey mandates more than 40 benefits including in-vitro fertilization and chiropodists, a typical plan for a healthy 25 year old man costs $5,580. Because of far fewer mandates, a similar plan in Kentucky costs $900. Needless to say, under McCain's plan, healthy 25 year old men in New Jersey will instantly switch coverage to a Kentucky based company.




Because of that, every insurance company in New Jersey will want to move to Kentucky, taking all their jobs with them. New Jersey will have to reduce mandates to keep those jobs in the state. McCain's plan creates incentives for states to remove expensive mandates and regulations to keep jobs in their states, and consumers will be the big winners.




A mistaken criticism of McCain's plan is that seriously ill people without coverage will be left out. McCain proposes working with state governors to create a guaranteed access plan for these Americans to insure they get coverage. He proposes tort reform to reduce the embedded cost of malpractice lawsuit abuse from health care costs. McCain would allow import of drugs from other countries so competition can drive down the price of prescriptions. He proposes much needed reform for Medicare and Medicaid.




McCain's revolutionary plan to reform our health care system releases the American people from the yoke of government regulations and subsidies so they can develop innovative solutions to their individual health care needs.


Free kibbles

We're borrowing money from China to build the road to serfdom.

Showing how socialism begets more socialism, the US intends to buy equity stakes in healthy banks. We're well past the camel sticking its nose in our tent. The camel is taking a dump in our tent. As always, this socialism will create new and worse problems in the future that government aristocrats will tell us demand yet more socialism. Unless voters change our government and throw out the 500 or more socialists in office and the 2 parties with them, this destructive spiral of socialism will destroy America just as Hayek described in the Road to Serfdom.

Corporations love socialism. They love transferring their losses to taxpayers. They love having government protect them from competition. Who wouldn't? As a result of government's latest socialist plan, the Dow has surged over 950 points today. What government has told big investors is that, no matter how bad their investments, no matter how risky, no matter how irresponsible, the government will always borrow more money from China at taxpayer expense to insure they don't have to suffer the consequences of their irresponsible actions. This is devastating for America. Asian stocks rebound too.

All the spurious rumors about Obama are backfiring on McCain. This is McCain's fault. Because McCain ignored the real danger of Obama, his radical Marxism, his lifelong partnerships with radical allies, his corruption in the Chicago political machine, and the possibility he's a running an illegal campaign because he's not an American citizen, the other bogus rumors are spinning out of control. It's funny how the press makes a federal issue about a few angry Republicans while completely ignoring the outrageous hatred flowing from the left.

Anybody who has pointed out that Obama wins more votes because he's black than he loses has been called a racist during this campaign. I guess Gallop will be called racist next because their poll showed that 6% of Americans are less likely to vote for Obama because of race but 9% are more likely to vote for him because of race. So there you have it. America is more reverse racist than racist. The 85% of us who don't give a damn about race take abuse from both sides.

Here's a picture of Barack Obama, who is trying to distance himself from his career-long partners, ACORN, at an ACORN meeting.

Video of Barack Obama inviting ACORN and other radical community organization groups into his administration to set the agenda for an Obama presidency. This is the same ACORN that Obama is now trying to distance himself from. Here's a picture of Barack Obama at an ACORN meeting.

Now liberals have faked SAT scores for Sarah Palin in their latest attempt to smear her.

Democrat Congresswoman Maxine Waters lies about receiving campaign contributions from Fannie Mae and Freddie Mac, the GSEs which she fought against regulating.

Boise gets earliest snow on record. Funny how the global warming fraud has disappeared from discussion since the economy tanked, but the plans supported by Al Gore's true believers would make the economy tank. Have you noticed that people love to make proposals and support policies that make the economy tank, but once it tanks in response, those same people never take any blame?

Christopher Hitchens explains how US inflation and the bailout proves that the US is a banana republic. I don't agree about the regulation, but I agree with the conclusion. We live in a kleptocracy run by aristocrats for aristocrats at the expense of the people. We are a banana republic, we have been since Clinton, and we're just getting to be a worse and worse one every election when we re-elect the same 2 parties which turned America into a banana republic.

Bill Krystol calls the ineptness of the McCain campaign "campaign malpractice". I agree. He's run the most ineffective campaign in many years.

This blogger has done a pretty thorough job of analyzing the mystery of Barack Obama's birth. Very interesting that she notes that as a child in Indonesia, Obama was registered (registered?) as a Muslim. It's probably just some formality over there, but so much for Obama's claims he's been a Christian his whole life. If this girl is right, every liberal who has attacked a conservative over their believe that Obama is a Muslim owes the conservative an apology. Whatever Obama is hiding, I hope that judge has the guts to get to the bottom of it before the election.

This Australian liberal recognizes that the credit crisis bailout we just saw is a harbinger of far more destructive social upheavals in the near future.

Saturday, October 11, 2008

Free kibbles

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.

Friday, October 10, 2008

Free kibbles

Like Hoover and FDR before him, Bush vows to stabilize US economy. How'd that government stabilization process work out for us in the '30s? Leave the economy and the markets alone, and they'll correct themselves with the minimum of pain. All government intervention can do is increase the pain. The best thing government can do for us is extract itself from the markets. Get rid of the capital gains tax. Get rid of the dividend tax. Get rid of the mark-to-market accounting rule. Repeal the CRA. Privatize Fannie and Freddie. Set interest rates to control inflation. Then the markets will correct themselves with far less pain.

Why the bailout made the economic crisis worse instead of better, as many of us predicted and told our representatives. The article forgot to mention that the bailout also didn't address the original problem - government forcing lenders to make bad loans in the first place then GSE's brokering those loans, making them appear less risky because of implicit (we now know it was explicit) taxpayer guarantees.

The cost of deforestation.

Now liberals are trying to smear Sarah Palin by attacking her new chief of police for sexual harrasment. Clearly, this man has no such record. The reprimand he received was recinded. And where were liberal concerns about sexual harrasment when Clinton was in the White House? The same feminists and liberals attacking Sarah Palin lionized Bill Clinton despite his being a serial groper, philanderer, and sometimes rapist. These liberals are shameless, dangerous hypocrites.

More info on Obama's attempt to negotiate with the Iraqis, undermining Bush's negotiations, in the summer while he was only a candidate.

Harry Reid implies anybody linking Obama to Fannie Mae and the subprime housing corruption is a racist.

McCain says he would investigate Dodd, Frank, and the others who were responsible for the mortgage meltdown. Too little. Too late. That's after McCain went along with their titanic socialist power grab. This guy is all over the map.

Thanks to ACORN and others, 5 million US mortgages are owned by illegal aliens. Obama is the first presidential candidate to hire ACORN for his get out the vote program.

Fabulous satire of the Great Obama's absurd presto-chango promises.

Louis Farrakhan literally declares that Barack Obama is the Messiah. The freaks are coming out of the woodwork and taking over the country.

I have no idea what this competitiveness scale is, but given the scary drop in the US in economic freedom, saying the US is the most competitive country in the world is hard to believe.

The mainstream media loves victim stories, but I predict they will ignore this victim of Bill Ayers's terrorism who thinks Obama should have known better. Obama had the same agenda as Ayers. That's why Ayers picked him and they were partners for 3 years. He knew what he was doing.

Obama volunteer sics Secret Service on woman who can't stand Obama.

Ethics investigation determines Sarah Palin abused her power by trying to have her ex-brother-in-law fired as a state trooper. Unfortunately, since partisanship hijacked this investigation, we can't tell if the conclusions make sense or not. Maybe there's info I haven't heard (because the MSM has been so deferential to Palin - ha!), but from everything I've heard, and I've heard the phone conversation at the focus of the investigation as well as dozens of news reports, Gov. Palin did nothing to get this dangerous, abusive individual fired. And she should have. We should be slamming her for being too wimpy, not for abusing her power, imo.

Thursday, October 09, 2008

Free kibbles

A $700 billion bailout plan wasn't socialist enough for Bush and Paulson. Now Paulson is considering buying stakes in banks. Bush and his Democrat friends are following the path of Depression era Italy and Germany. This is what Putin did to control of Russia too. The American people have nobody to blame but ourselves for electing socialists year after year and decade after decade for the last 100 years.

Banks are not making loans because interest rates are too low. Nobody wants to make a risky loan without a reward. Therefore credit is drying up. But the Fed lowers rates again anyway. Socialism is begetting ever more socialism on the Road to Serfdom. It's stunning to me that Hayek laid out the road so perfectly, and knowing all about it, we're choosing to go down that road anyway. And when we're all destitute, people will have the gall to wonder how it happened. It's like driver purposely driving over a cliff, then asking how it happened. Obviously the Fed can't allow a bunch of bank failures. Obviously the Fed has to loan money. But it doesn't have to lower the interest rates.

Prosecutors violate discovery rules and present false evidence in Sen. Stevens corruption trial. Corrupt prosecutors prosecuting a corrupt senator probably in front of a corrupt judge. Welcome to the USA.

Republican House whip calls for investigation into ACORN. Way too late to affect the election.

After ignoring the Obama/Ayers partnership for months, McCain finally runs a weak ad about it 25 days before the election. Too little. Too late. The problem isn't that Obama and Ayers are associates, buddies or that they worked together. The problem is Ayers and his radical partners recruited Obama to be another radical partner because they felt he was the best person to implement their $100 million radical education agenda. This ad fails to make that point.

If we're so short of capital, and that's causing the financial crisis, why hasn't government eliminated the capital gains tax? If coordinated, global action is needed, why hasn't every western country eliminated the capital gains tax? Because the bunch of socialists in Washington and their counterparts around the misnamed free world would never consider that.

McCain has moved to the left of Obama by suggesting we spend $300 billion paying off bad mortgages. McCain is out Marxisting the Marxist.

Sensing a victory, liberal author begins saying the things that pretty much every liberal thinks, but know will cause them to be defeated on election day. These are only 4 of the scary things:
  • "I think Karl Marx had some valuable insights into capitalist economies!"
  • "The Second Amendment does too allow government to ban handguns."
  • Higher gas prices are good because they make everybody bike and take public transit like they should!

  • America isn't the greatest nation in the world. We think it is only because it's our country. Duh!

  • Let's bring back the era of big government.

  • What's so great about the Judeo-Christian tradition?

  • We're undertaxed. Look at Europe!

  • America won't be the world's most powerful nation forever. And you know what? Handing that responsibility off will be a relief!

  • America's official languages should be English and Spanish!

  • "If Israel isn't out of the occupied territories in six months we'll cut off all aid."

This is what we're going to get if Democrats win. And it's almost as bad if Republicans win.

The presidential debate format sucks, and as a result, the debates are boring and useless.

Nancy Pelosi wants to call congress back in session so she can put us $150 billion deeper in debt. These people are amazing. That we vote for them is even more amazing. Stop the madness.

John Stossel is unhappy about the bailout. We all are. Except for the Wall Street firms who get bailed out and the politicians who just grabbed the largest single chunch of power from taxpayers in history. Great links. He shows that credit had not dried up as we were told, just irresponsible credit.

The CEO pay caps in the bailout bill have no teeth and are useless anyway - those CEOs already have hundreds of millions of dollars and tons of stock - stock that US taxpayers are keeping higher than it should be because of the bailout.

It's good to know the chambers of commerce don't favor Democrats. That puts small businesses with the oil companies as the only 2 segments of the economy that Democrats don't have in their pockets.

Stanley Kurtz explodes Obama's latest lie that he never worked for ACORN. Bill Clinton was a shameless liar. Clinton has anti-personality disorder and doesn't care what happens to anybody as long as he gets his way. Obama is a dangerous liar. He has a radical anti-American agenda he's covering up.

Indianapolis has 644, 197 people eligible to vote, but it has 677,401 registered to vote. Obama brought in 12,000 new registered voters this weekend. He's getting his $800,000 thousand worth of voter fraud out of ACORN. It would be funny if Obama wasn't so dangerous.

Beer is a better investment than stocks.

Wednesday, October 08, 2008

Free kibbles

"A federal judge has ordered the immediate release into the United States of 17 Chinese Muslims who have been held for several years in the U.S. military facility at Guantanamo Bay, Cuba." This is a bizarre situation. These men are in a legal limbo, but I sure don't want them in the US.

House Oversight Committee to hold hearings on the failing of Fannie Mae and Freddie Mac. But it won't investigate congress' role. This will a dog and pony show orchestrated to make it appear that capitalism failed, not government.

Russian troops withdraw from Georgian buffer zones.

AIG execs have a good laugh at taxpayers at a $440,000 LA resort paid for with bailout money. Thanks for giving them our money so they could enjoy themselves, government.

The WSJ compares Obama and McCain's tax plans.

Barney Frank, the guy who protected Fannie Mae and Freddie Mac from regulation, leading the credit crisis, while he was sleeping with an executive from Fannie Mae, said Republicans attack the poor because of racism. It's just amazing what Democrats can get away with because the mainstream media protects them. Can you imagine if a Republican said something like that? Boortz links a 1999 NYTimes article explaining how, pressured by the Clinton administration, Fannie Mae lowered credit requirements so that people who couldn't afford homes could buy one. How'd that work out for us?

NBC censors SNL skit explaining how Democrats created the subprime, credit crisis. That skit was excellent.

Stanley Kurtz explains how Obama's ACORN used the CRA and intimidation tactics against local banks on the one hand and lobbied congress and the Clinton administration for lowering credit standards at Fannie Mae and Freddie Mac on the other during the 90s, precipitating today's financial meltdown. Obama's and ACORN's Marxist radicalism are right at the heart of this financial crisis. It's a great explanation of how the 1977 law was used to create today's crisis.

Ben Stein gives a 12 step plan for ruining the US economy. It's looks vaguely familiar. Pretty funny in a gallows humor kind of way.

A Cato scholar is debating another think tank scholar about the consequences of the Wall Street bailout on Google knol. This is a really cool idea. It'll be interesting to see if it takes off.

House Republicans had claimed to have stripped out the provisions that the government could rewrite mortgages from the bailout, but according to Michelle Malkin, the provision for government to rewrite mortgages is in the final bill and was given as a favor to ACORN. This is crazy.

In more ACORN news, police raid Las Vegas ACORN office because of suspected voter fraud.

CNN report exposes the Obama/Ayers connection. If Obama didn't agree with Bill Ayers, then why did Ayers and his board recruit Obama to implement their $100 million radical education agenda? Ayers didn't recruit a guy who disagreed with him. That would have been the kiss of death for his foundation. And it's absurd to say Obama does not agree with Ayers. If Obama didn't agree with Ayers, he wouldn't have taken the job implementing Ayers's agenda.

Thomas Sowell explains that Ayers is not an associate of the real Obama, he's an ally, along with Wright, Pfleger, Rezko and others. In part 2 of the real Obama, Sowell explains that Obama's support for sex education for kindergarteners tells us that Obama is a radical leftist. In part 3 Sowell examines Obama's record on education, but he fails to mention the Chicago Annenberg Challenge. Bill Ayers founded that organization to improve education and along with his board, they recruited the man they thought best suited to implement Ayers's vision of education - Barack Obama. The minutes from board meeting showed that none of the board members cared about test scores, they laughed about them. They cared about radicalizing students. Obama's vision for education is the same as Bill Ayers's, and the media should thoroughly examine that vision.

State Senator Obama ordered loads of pork for his friends, family, and political supporters. In the US Senate, Obama ordered $320 million in pork, no doubt for the same purpose. I'm surprised it's that low.

Obama is hostile to the Second Amendment. And freedom.

300 suspected illegal immigrants detained after raid of chicken processing plant. But it has to be the plants managers that are punished.

Ann Coulter rips Joe Biden for numerous, significant errors he made in his debate with Gov. Palin, and points out that if Palin had made mistakes of the same or even lesser calibre, the press would have forced her off the ticket.

Tuesday, October 07, 2008

Email to Bob Barr

In the wake of the presidential debacle, I mean debate, I sent the following email to Bob Barr:

Congratulations on running the most inept campaign in history. We have the 2 worst mainstream candidates in history fighting it out, and the American people have the lowest opinion of the 2 anti-American parties in history, and you sit on the sidelines patting yourselves on the back.

Meanwhile, McCain promises to spend 300,300,300x10 to the 300,300,300 godzillion to pay off all debt in the universe.

Like Karl Marx and Barack Obama, McCain is so compassionate he plans to create an infinite amount of money out empty space. Nice job debating him on that. I kneel down before the god-given powers of the 2 parties. God bless them and God bless us all as we eat dirt and tell our children to be thankful for it.

Nice job being invisible. I bet that took a lot of work to be completely invisible while the 2 most anti-American candidates in history fought it out to destroy the world.

Fist-pump to your success! Those of us who survive the wolf attacks will have a good laugh over those glasses.

Free kibbles

The Fed continues to print money until it's not worth the paper its printed on. Pretty soon our inflation is going to look like Zimbabwe, and the so-called experts will wonder how we became a banana republic.

McCain offered a $300 billion (additional) bailout for mortgages. Why stop there? Why not $3 trillion? Why not $30 trillion? Why doesn't McCain wave a magic wand and pay off every mortgage in America? And why stop there? How about McCain wave a magic wand, pay off every debt of every American and every person in the world. And why stop there? Somewhere in our galaxy, other people are in debt. McCain's wand should pay off all the debt in our galaxy, our local cluster, our string of galaxies, and our superstring of galaxies. Oh, and I want a big screen TV. Don't forget that. Karl Marx thinks McCain is a pussy. Obama is a man among Marxists. And we're all screwed.

Monday, October 06, 2008

Free kibbles

It didn't take long for the market to figure out that bailout is bad for the economy, not good. Dow drops below 10,000 for the first time since 2004. Dow down 800. Remember the 771 point fall that led to the biggest socialist bailout in history? How'd that work out for us?

President Bush said he didn't want to rush into the $700 billion bailout. Funny, that isn't what he said last week when he was demanding Congress pass the bill immediately and with no debate. What a surprise that Paulson picked an undersecretary of treasure, formerly of Goldman Sachs to head up the bailout.

This financial crisis kind of scary because Hoover was a liberal Republican who's liberal policies helped spark economic problems, and the people turned to socialist FDR who turned those problems into the Great Depression. Then we had liberal Republican Nixon who's liberal policies sparked economic problems in the '70s, and the people turned to the much more liberal economic policies of Jimmy Carter and drove the economy into the ground. Now we have liberal George Bush at the start of an economic crisis, and the people very well could turn to the most radical Marxist candidate in American history who will almost certainly drive us into another depression. A comparison to 1929.

Forbes analysts explain that everything the government has done has made this credit crisis worse from originally lowering interest (that makes banks less likely to make loans) the panic of the bailout legislation (that destroyed confidence in the economy). Government is always the problem, and every time government tries to solve the problems it creates, it creates even bigger problems. Stop the madness and let's get government out of our economy.
In response to Palin's attack on Obama for his long-time work with Bill Ayers, Obama brings up the Keating 5. I doubt Obama mentions that McCain was exonerated. Obama put up a Keating 5 website. He must have had it prepared already, just waiting for McCain to mention Ayers.

This SNL satire of the bailout is pretty darn accurate. They definitely captured Bush the Democrat.

Barney Frank's partner was an architect of the subprime mortgage crisis at Fannie Mae, and Frank worked to block oversight and deregulate the government sponsored entity. This is one of the reasons I called for Frank's resignation before the bailout along with Dodd, Paulson, and Bernanke. Now the damage is done.

Boortz notes Palin's linkage of Obama and Ayers. The mainstream media calls this attack racist. There's nothing they won't stoop to to get Obama elected. Before the election, the mainstream media will be out kidnapping McCain voters to try and help their guy.

Apparently John McCain isn't making the case that Democrats support of Fannie Mae, Freddie Mac and the CRA are responsible for the credit crisis because his campaign believes the American people aren't smart enough to understand it and that McCain isn't smart enough to make a concise argument. Liberals won't get it because they're religion blocks them from seeing simple facts, but the American people certainly would understand the problem. But McCain is throwing free markets under the bus.

Blaming deregulation is dangerous because nobody is championing the free market right now. This guy is mistaken on one point - the reason institutions bought those toxic mortgage securities is because they were implicitly backed by the government through Fannie Mae and Freddie Mac.

Despite Joe Biden making significantly more money than the Palin family, the Palins have donated more to charity in the last 2 years than Biden has in the last 8. Those Democrats are so compassionate.

Obama is now lying about ever working for ACORN. Basically, he's claiming the subsidiary of ACORN he worked for wasn't a subsidiary of ACORN. Obama learned from Bill Clinton how to lie like a dog and use the mainstream media to cover for him. McCain should attack Obama's work for ACORN every day and make Obama explain it every day. That's a winning issue for McCain.

Obama votes the Democrat party line 97 percent of the time. That's what Democrats call reaching across the aisle and uniting the country.

Why did it take decades for Medicare to stop paying for medical mistakes?

I don't really care that flourescent bulbs are worse for the environment than incadescents. They're cheaper, and that's why I buy them. Some entrepreneur will come up with a way to disposes of them safely and make millions in the process. Everybody will win.

I don't like this idea of a National Day of Prayer at all, but I don't see how it violates the establishment of religion clause because it doesn't establish a religion.

Learning (spelling) can make children feel like failures, so this British school will no longer make students do it. Why make them learn at all, since anybody who fails at learning will feel like a failure. Maybe schools just just make children and teachers recite "I am wonderful" all day long and get rid of the learning stuff all together.

In the wake of the credit crisis bailout, a crisis caused largely by Democrats with the CRA and their protection of the corruption in Fannie Mae and Freddie Mac, Thomas laments that the blame has mistakenly been placed on Bush and deregulation and free markets instead of on the socialist policies that actually caused it. He wonders if facts matter any more. Facts don't matter to liberals because they are blinded to them by their religion. Sure, media bias is a problem too, but even McCain and Palin are railing against the greed of Wall Street instead of the policies of Democrats that caused the problem. Honest people who care about the facts have no home with either party.

14 supposed lies Biden told in the debate. Since they're chronicled by the McCain campaign, I'm dubious. And that's a problem. Even interested voters can't separate the truth from the reality in those debates. I'd like to see them reaired with non-partisan fact checks between each exchange. Unfortunately, that would give far too much power to the fact checker, which would corrupt him or her too.

Dick Morris's lionization of Sarah Palin's performance in the debate is a little over the top.

Author wonders if Karl Marx or the Marx brothers are in charge in Washington. A lot of both.

The Ayers/Obama Chicago Annenberg Challenge doled out $100 million. Obama implemented Ayers's radical vision. McCain should say, "Mr. Obama you have $100 million connection to Bill Ayers, and you implemented his radical American-hating vision in the Chicago Annenberg Challenge."

Sunday, October 05, 2008

Free kibbles

Sarah Palin finally attacks Obama for his ties to Bill Ayers. It's about time McCain brought that up.

I just saw a new McCain ad linking Obama to Nancy Pelosi and her desire to greatly increase taxes. Finally. It's about time McCain is finally linking Obama, Pelosi, and Reid. He should show the 3 of them together and play quotes from the 3 of them.

Springsteen performs at Ohio State in an attempt to get people to register and vote for Obama on the same day.

Boortz provides a list of all the tax breaks (vote buying) in the bailout bill.

Crazy list of industries and which parties and candidates they donate too. Democrats give more handouts, so 18 of the 20 industries give more to Democrats. Leadership PACs and Oil & Gas give more to Republicans. No wonder the press hates the oil industry. If any of these other business segments gave more to Republicans, the press would demonize them as well.

Because government does such a bang-up job of educating children, failing half of our students, Hillary Clinton wants government to educate 3 and 4 year olds too. But Obama has the 0 to 5 plan.

Victor Davis Hanson supplies an excellent satire of a press report on Sarah Palin's gaffes, but they're really Joe Biden's.

Accusations that financial elites manipulated Wikipedia entry to confuse readers regarding the facts of the Wall Street meltdown.

Friday, October 03, 2008

Free kibbles

House approves $700 billion bailout after adding $110 billion in tax cuts. How does that make sense? Now instead of having to add $700 billion to our national debt, we're adding $810 billion. Needless to say, Bush the Debtor signed it. This bailout may turn out to be the most devastating piece of legislation in history. Unbelievable. I will vote against anybody who signed this bill as long as they are in office.

Bombers attack Russian military in South Ossetia. It's not terrorism when they attack the military. That's just covert action.

Pakistan claims that 2 US missiles killed 12 Pakistanis.

Biden/Palin debate ties for the second most watched debate ever.

Thursday, October 02, 2008

Obama's Subprime Corruption

Obama's Subprime Corruption





Can we end the charade that America has a free market economy now? If this financial crisis hasn't proved that we suffer from rampant socialism, nothing will.




The United States is a socialist country, and socialism is collapsing everything around us. Our communist school system fails 50 percent of our children. Our roads are disintegrating because of communist mismanagement. Our system of socialized medicine, where government pays 60 percent of payments, is breaking down. Liberals demand we replace it with communism - euphemistically called a single payer system. It shouldn't surprise anybody that under Bush the Democrat, socialist Republicans, and bigger socialist Democrats, the United States dropped from 2nd to 8th in the index of economic freedom. Our rating fell from 8.55 to 8.04. Only in Zimbabwe, Argentina, Niger, Venezuela, and Guyana has socialism advanced faster. We are transforming America into the Soviet Union and suffering its fate.




America's financial markets are socialist and collapsing too. With all the panic about the problems on Wall Street, it's informative to remember exactly how we got here. The problem is a small percentage of Americans aren't paying their mortgages, creating a crisis of confidence in the markets. 3 socialist policies dovetailed to create this problem.




The tip of the spear is the subprime mortgage crisis. In 1977, Jimmy Carter and the Democrat Congress passed the Community Reinvestment Act (CRA), which forces lenders to make loans to borrowers who are likely to default. This wasn't in the lenders', borrowers', or the public's interest, but Democrats didn't care. They passed the law anyway and initiated the subprime crisis.




Before Barack Obama joined the Illinois Senate, he worked for the Association of Community Organizers for Reform Now (ACORN). ACORN is devoted to promoting Marxism through community organizing techniques. Besides participating in widespread voter fraud, one of ACORN's most effective techniques is attacking mortgage companies for failure to provide loans to low income families.




Crying racism, Barack Obama and ACORN would threaten mortgage companies with lawsuits based on the CRA, forcing companies to make subprime loans. But they knew these borrowers couldn't afford mortgage payments. The goal was not to put people in homes but to attack capitalism by forcing mortgage companies to make subprime loans that would never be repaid. Obama and ACORN must be ecstatic with their success. Now they call the companies they coerced into making subprime loans predatory lenders.




The Clinton administration strengthened the CRA and empowered the biggest scandal of our lifetimes - Fannie Mae and Freddie Mac form the nexus of the subprime crisis. These psuedo-companies bought the protection of powerful Democrats like Senate Finance Chairman Chris Dodd, John Kerry, Barack Obama and Hillary Clinton with millions of dollars in campaign donations. They also donated millions to ACORN. Their CEO's made multiple millions by cooking the books while Democrats blocked attempts to end the corruption. This is organized crime, but because Obama and Democrats are immersed in this corruption, the mainstream media refuses to report it.




Obama is up to his eyeballs in subprime corruption. His Vice-President selection adviser Jim Johnson and Franklin Raines, whom Obama solicited for economic and housing advice, are ex-CEOs of Fannie and Freddie. Both have been implicated in the corruption for the millions they looted. If they had worked for Enron instead of government organizations protected by Democrats, both would be in prison. Many credit Obama's Finance Chair, Penny Pritzker, with inventing the subprime crisis by inventing the bundled mortgage security, a tool designed to diffuse the risk forced on mortgage companies by government and activists like Obama, which were then funneled to the entire finance industry through Fannie and Freddie.




Using Clintonian tactics to distract Americans from his corruption, Obama aggressively attacked John McCain and his finance adviser Phil Gramm for the credit crisis. Obama blamed our non-existent free market, Republicans, and George Bush. He blamed everything but the vast right-wing conspiracy. Democrat concerns about deregulation are laughable since Democrats prevented attempts by Bush and McCain to rein in Fannie and Freddie in 2003 and 2005, respectively. Regulation by corrupt aristocrats is worse than worthless. Like they protected Clinton, Obama's media allies may enable him to get away with this corruption.




The second socialist policy that sparked this crisis is the irresponsibly loose monetary policy of the Federal Reserve under Alan Greenspan. Greenspan took it upon himself to boost the economy through inflationary monetary policy instead of limiting himself to his mandate to control inflation. Cheap money powered the house-flipping craze, creating the housing bubble. Recognizing that bubble was about to burst, Greenspan retired to avoid blame and now sits on the sidelines pronouncing this is by far the worst economy he's ever seen. Thanks, Alan.




The third socialist policy responsible for this problem is the income tax. Our income tax punishes savings and rewards debt. Finance companies trusted Fannie, Freddie and their government masters, saved little cash and assumed massive debt. When investors started withdrawing money, the companies were left holding worthless paper.




The failures of socialism always lead to more socialism. Socialists will take more money from responsible Americans and give it to irresponsible Americans. The largest shareholders in financial giants will be the biggest winners. This guarantees an even worse economic collapse in the future, but I doubt a market-based solution was ever considered. Friedrich Hayek described this downward spiral in his book The Road to Serfdom. The solution is to end our destructive spiral into Soviet socialism and return to the American value of freedom including free markets.

Wednesday, October 01, 2008

Free kibbles

Even though the American people resoundingly rejected this socialist bailout bill, the Senate plans to pass it tonight anyway, in hopes of forcing the House to accept it. The American are demanding that Washington implement free market solutions to end this crisis, but Washington doesn't want free markets. It's wants more socialism. Senate passes bailout bill 74-25.

Theory suggests the Earth may exist in a low mass bubble in the universe.

This excellent article exposes the major role ACORN in Chicago played in creating the subprime crisis. The leader of the movement was Madeline Talbot, and she had Barack Obama train her staff on how to shakedown mortgage companies to make subprime loans. He also shows how the organizations Obama chaired, Woods Fund and the Chicago Annerberg Challenge, intentionally masquareded as non-ideological organations while funding radicalism that even the hard left shunned. Obama's Marxist. A revolutionary, and he's still carrying on that masquarade today. This is an amazing read.

McCain says Obama's policies are bad for the economy. Did he just figure that out? He didn't feel like pointing that out all summer?

These Missourians are not happy about Obama's threats to prosecute his critics in Missouri.

Oregon gym classes redesigned to help student's self-esteem. Give me a break.

Great video compilation showing how Democrats not only blocked efforts by Republicans to regulate Fannie Mae and Freddie Mac, they also attacked the regulators, lionized the corrupt CEOS, and celebrated zero down payment loans like that was a good thing. The best quote is Franklin Rains saying that the mortgages Fannie was buying were "riskless". I'm sick of people saying don't point fingers. There's enough blame to go around. I'm sure Republicans aren't blameless, but Democrats own practically every bit of blame for the subprime crisis. Those are the same Democrats, like Dodd and Frank, along with Paulson and Bernanke, who were at best asleep at the switch and more likely up their eye-balls in creating this crisis along with Congressional Democrats, who are pushing this $700 billion bailout down the throats of the American people against our will.

Republicans propose an alternative bailout plan that's not a huge socialist power grab. Funny that I had to read an Indian newspaper to find out about it. I'm writing my representatives and asking them to support it.

Courts overturn Ohio's 30 day law for voter registration, allowing voters to register and vote on absentee ballots on the same day.

It's ridiculous that the moderator for Tuesday's debate is coming out with a book in which Obama is the primary focus on inauguration day. It's so obvious she should recuse herself, it's painful. Could you imagine of one of the news people from Foxnews had a book about McCain coming out on inauguration day? Liberals would burn down the debate hall.

John McCain claims that the president could do this bailout without Congressional approval because the Treasury Dept. has $1 trillion to play with without Congressional approval. Huh?

Nice essay explains that centralization of banking and credit is a tenant of Marxism, and that's exactly what Paulson and the Democrats want. Author also explains the difference in monetary policy of Friedman's Chicago school of economics and the Austrian school. This essay explains perfectly what we're seeing here - loose monetary policy created a feeding frenzy of an economic bubble, and when that bubble inevitably corrected, no amount of easy money or government intervention in the financial markets can turn those bad loans into good loans and any attempt to do so prolongs and deepens the crisis.

Thomas Sowell wonders why we allow the same people who engineered this credit crisis to engineer a solution that is no solution at all.

Author of this alternative plan to resolve the credit crisis is 1 of 166 economists who sent a letter to Congress opposing the bailout.

Crazy frightening video of Obama youth singing his praises. It can happen here.

Is anybody surprised that unions pay millions of dollars to the family members of union chiefs?

This video that Time-Warner tried to ban from YouTube explains the subprime crisis in an excellent, easy to understand fashion. Whoever did this put a lot time into it and did a great job. Too bad it degenerates into McCain campaign commercial in the last minute. The information was great, and the partisanship will just reduce the number people who bother to look at it. Anybody who thinks capitalism or free markets caused this problem could learn a lot from this video.

George Will says that deficit spending of government reflects the love of deficit spending by the people who are equally irresponsible with credit.

History is passing judgment on Paul Bremer's decision to disband the Iraqi army. It was a bad decision.

Thomas Sowell explains that golden parachutes are worth it to companies because they are far less expensive than keeping the CEO around. Why not just fire him? Why should there be internal battles or court struggles? Government.

Boortz has several segments about how voting for the bailout will cost McCain the election. He also agrees with me he ruined all the momentum he got from nominating Sarah Palin, and his only hope, longshot that it is though anything could still happen, is for Palin to save his butt once again.

Both Biden and Palin did great. Palin wasn't able to pull McCain's ass out of the fire this time. His support of the Bush/Paulson/Pelosi/Reid/Obama bailout has sunk him. He's toast.

Ohio Supreme Court overruled Dem. Sec. of State Brunner and ordered board of elections to accept absentee ballot forms from McCain without a certain box checked. I don't know the laws in these things, but if form says "check the box for an absentee ballot", and the box isn't checked, why should the board of elections send an absentee ballot? Maybe the forms are confusing, but how confusing can a checkbox be? This is like Florida Democrats wanting to count votes with hanging chads. If vote can't clear the chad, the vote shouldn't count. If a potential voter can't check a box for an absentee ballot, one shouldn't be sent. If a potential voter can't produce ID, he or she shouldn't get to vote. It's good to insure voters show a little more capability than zombies.