Obama's Victory -- A British view
An editorial from the London Daily Mail
A victory for the hysterical Oprah Winfrey, the mad racist preacher
Jeremiah Wright, the mainstream media who abandoned any sense of
objectivity long ago, Europeans who despise America largely because they
depend on her, comics who claim to be dangerous and fearless but would not
dare attack genuinely powerful special interest groups. A victory for
Obama-worshippers everywhere. A victory for the cult of the cult. A man who
has done little with his life but has written about his achievements as if
he had found the cure for cancer in between winning a marathon and building
a nuclear reactor with his teeth. Victory for style over substance,
hyperbole over history, rabble-raising over reality.
A victory for Hollywood, the most dysfunctional community in the world.
Victory for Streisand, Spielberg, Soros and Sarandon. Victory for those who
prefer welfare to will and interference to independence. For those who
settle for group think and herd mentality rather than those who fight for
individual initiative and the right to be out of step with meager political
fashion.
Victory for a man who is no friend of freedom. He and his people have
already stated that media has to be controlled so as to be balanced,
without realizing the extraordinary irony within that statement. Like most
liberal zealots, the Obama worshippers constantly speak of Fox and
Limbaugh, when the vast bulk of television stations and newspapers are
drastically liberal and anti-conservative. Senior Democrat Chuck Schumer
said that just as pornography should be censored, so should talk radio. In
other words, one of the few free and open means of popular expression may
well be cornered and beaten by bullies who even in triumph cannot tolerate
any criticism and opposition.
A victory for those who believe the state is better qualified to raise
children than the family, for those who prefer teachers' unions to teaching
and for those who are naively convinced that if the West is sufficiently
weak towards its enemies, war and terror will dissolve as quickly as the
tears on the face of a leftist celebrity.
A victory for social democracy even after most of Europe has come to the
painful conclusion that social democracy leads to mediocrity, failure,
unemployment, inflation, higher taxes and economic stagnation. A victory
for intrusive lawyers, banal sentimentalists, social extremists and urban
snobs.
Congratulations America!
Friday, January 16, 2009
Too Good Not To Share....
Wednesday, January 14, 2009
A CONSERVATIVE SLANT - The Other Side of the Story January 13, 2009
MORTGAGE CRISIS
NANCY PELOSI
We should be angry and insulted by the Speaker of the House, who promised to have gentility and honesty guide her days in governing. When she accused Republicans of being unpatriotic for not helping to pass her socialistic bill this past October, even though 40% of her own Democrats voted against it, that should have angered us to action.
This entire mortgage default debacle began with the Jimmy Carter era law which made "redlining" illegal, forcing mortgage companies and banks to give mortgages to those who could not afford or never intended to pay their loans. Fannie Mae was created in 1968 to increase the number of these loans.
Fannie Mae became creative, bundling mortgages and selling them to investors and mutual funds, thereby risking the assets of the 50% of our citizens who own stocks outside of and in retirement funds. Fannie Mae bought and held sub-prime loans as another way to boost their profits. The Clinton administration further loosened home loan requirements.
CEO Franklin Raines and executive Jim Johnson worked for Fannie Mae. Raines made his focus the raising of the earning per share, tying that rise to executive bonuses. Raines took 50 million dollars in bonuses, as well as 40 million in salaries in 5 years. Johnson took 21 million in just one year. Raines and Johnson have been involved in the campaign of Senator Barack Obama. Raines was forced into early retirement, and paid a paltry amount to settle the investigation into his malfeasance, while Fannie Mae was forced to pay 400 million in fines. This current debacle was not caused by a failure of unbridled Capitalism, as many are trying to claim.
During this time a community organization named ACORN, in Chicago, and in 42 states, used "direct action tactics" to force bankers to offer even more mortgages to those who couldn't afford them. Yes, this is the ACORN for whom Senator Obama served as a lawyer, a community organizer, and a trainer of organizers. Over the years, and indeed right now, ACORN has been shown to engage in fraudulent voter registration, adding dead, illegal alien, fictitious and underage voters in five states.- and Obama pledged to meet with them during his period of transition... Do we not see that this might have skewed the election of our President in an illegal way?
In 2004 Congress held hearings on Fannie Mae, the Office of Federal Housing Enterprise Oversite, with Republicans leading the way. Democrats such as Maxine Waters and Barney Frank made these statements: "This is a lynching of Franklin Raines"; "We don't have a crisis under the outstanding leadership of Franklin Raines"; "There is nothing here to say that safety is an issue"; and most astoundingly, "These assets are riskless!". Barney Frank should step down from his leadership of the Congressional Financial Services Committee. Democrats failed America with their support for failing institutions.
In 2005 John McCain co-sponsored a bill to rein in this institution. Opposition from Democrats was so broad that the bill couldn't even be brought up for a vote.
October's Pelosi Bailout Bill would have sent 20% of any bailout profits made - to ACORN, not to Americans or back to the government coffers, which is one reason the bill did not pass. Now the Senate has added 150 billion of pork to the bill in order to buy votes. And Congress wonders why only 10% of us think Congress is doing a good job.... I hope that we never again have to hear Ms. Pelosi say that this is all due to capitalism, President Bush and the Republicans..... There is plenty of blame to go around, but most of it is on the Democrat side of the balance
Waters and Frank failed America
If these were a Republican Senators and Representatives, they would be drummed out of office, or at least investigated, as were Newt Gingrich, Trent Lott and Tom Delay. At the least, I expect Barney Frank to lose his seat on the Financial Services Committee. I know - I am dreaming....
MORTGAGE CRISIS
NANCY PELOSI
We should be angry and insulted by the Speaker of the House, who promised to have gentility and honesty guide her days in governing. When she accused Republicans of being unpatriotic for not helping to pass her socialistic bill this past October, even though 40% of her own Democrats voted against it, that should have angered us to action.
This entire mortgage default debacle began with the Jimmy Carter era law which made "redlining" illegal, forcing mortgage companies and banks to give mortgages to those who could not afford or never intended to pay their loans. Fannie Mae was created in 1968 to increase the number of these loans.
Fannie Mae became creative, bundling mortgages and selling them to investors and mutual funds, thereby risking the assets of the 50% of our citizens who own stocks outside of and in retirement funds. Fannie Mae bought and held sub-prime loans as another way to boost their profits. The Clinton administration further loosened home loan requirements.
CEO Franklin Raines and executive Jim Johnson worked for Fannie Mae. Raines made his focus the raising of the earning per share, tying that rise to executive bonuses. Raines took 50 million dollars in bonuses, as well as 40 million in salaries in 5 years. Johnson took 21 million in just one year. Raines and Johnson have been involved in the campaign of Senator Barack Obama. Raines was forced into early retirement, and paid a paltry amount to settle the investigation into his malfeasance, while Fannie Mae was forced to pay 400 million in fines. This current debacle was not caused by a failure of unbridled Capitalism, as many are trying to claim.
During this time a community organization named ACORN, in Chicago, and in 42 states, used "direct action tactics" to force bankers to offer even more mortgages to those who couldn't afford them. Yes, this is the ACORN for whom Senator Obama served as a lawyer, a community organizer, and a trainer of organizers. Over the years, and indeed right now, ACORN has been shown to engage in fraudulent voter registration, adding dead, illegal alien, fictitious and underage voters in five states.- and Obama pledged to meet with them during his period of transition... Do we not see that this might have skewed the election of our President in an illegal way?
In 2004 Congress held hearings on Fannie Mae, the Office of Federal Housing Enterprise Oversite, with Republicans leading the way. Democrats such as Maxine Waters and Barney Frank made these statements: "This is a lynching of Franklin Raines"; "We don't have a crisis under the outstanding leadership of Franklin Raines"; "There is nothing here to say that safety is an issue"; and most astoundingly, "These assets are riskless!". Barney Frank should step down from his leadership of the Congressional Financial Services Committee. Democrats failed America with their support for failing institutions.
In 2005 John McCain co-sponsored a bill to rein in this institution. Opposition from Democrats was so broad that the bill couldn't even be brought up for a vote.
October's Pelosi Bailout Bill would have sent 20% of any bailout profits made - to ACORN, not to Americans or back to the government coffers, which is one reason the bill did not pass. Now the Senate has added 150 billion of pork to the bill in order to buy votes. And Congress wonders why only 10% of us think Congress is doing a good job.... I hope that we never again have to hear Ms. Pelosi say that this is all due to capitalism, President Bush and the Republicans..... There is plenty of blame to go around, but most of it is on the Democrat side of the balance
Waters and Frank failed America
If these were a Republican Senators and Representatives, they would be drummed out of office, or at least investigated, as were Newt Gingrich, Trent Lott and Tom Delay. At the least, I expect Barney Frank to lose his seat on the Financial Services Committee. I know - I am dreaming....
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