Happy New Year. Off the radar screen for a bit
Michael Steele wrote me,
"Folks – I wanted to point out two AP stories that deal with a proposal to raise the FDIC limit. The first story says that Sen. Barack Obama supports such a proposal. That is, frankly, shocking, since the idea was actually proposed by House Republican negotiators on Saturday evening, but was strongly rejected by Senate Democrats. Rep. Chris Shays has introduced this proposal as legislation (H.R. 7235). The second AP story mentions the House GOP support for this proposal.
Why is Sen. Obama embracing a proposal his colleagues rejected? Why did Senate Democrats reject the proposal initially? Have they all changed their minds, or is Sen. Obama breaking with his colleagues? Interesting questions … - stee"
Associated Press September 30, 2008 9:05 AM
WASHINGTON (AP) - Republican John McCain and Democrat Barack Obama said Tuesday the government should raise the federal deposit insurance limit from $100,000 to $250,000 as part of a renewed approach to shoring up the U.S. economy.
WASHINGTON — Top congressional and White House officials, stunned when the House rejected a massive rescue plan for the nation's economy, scrambled to structure a new bailout proposal that would attract reluctant lawmakers and still soothe the unnerved financial markets. …
Republicans, already seeking possible votes, floated several ideas. One would double the $100,000 ceiling on federal deposit insurance. Another would end rules that require companies to devalue assets on their books to reflect the price they could get in the market.
Mike Allen: Katie Couric interviews Senator McCain and Gov. Palin together. McCain: 'This is not the first time that I've seen a governor being questioned by some quote, 'expert.' I remember that Ronald Reagan was a 'cowboy.'
Compare and Contrast. Couric, Coulter nailed it when she called her an "affable Eva Braun"
The media is hellbent on destroying this woman. Palin and McCain must know they will never get a fair shake from the media who is now indistinguishable from the democrat party. They have to stop falling into the traps set with trivial gotcha questions.
I like her. A lot.
Let Palin be Palin (hat tip Judith)
She's smart, clear and she's more common sense in her pinky then the whole Democrat party brain trust. Let her rip
You ain't seen nuthin yet. Democrat social programs coming home to roost. And Obomba say,"more more more"
No matter how you feel about the bailout, Heritage’s Brian Riedl helps put it in perspective:
Think $700 billion to bail out Wall Street is expensive? Just wait. The mortgage meltdown is cheap compared with the coming fiscal firestorm fanned by unfunded Social Security and Medicare costs.
Together, these programs hold unfunded obligations totaling $41 trillion -- 60 times larger than the proposed Wall Street bailout.
Every word is a LIE. Deliberately deceitful, mendacious. Listen to him. This crisis is the poisonous fruit of leftist government intervention. He condescends, tells Congress to "GET IT DONE!" "GET IT DONE" (minute 6:52)- the Obamonarch has been completely MIA on the crisis - hiding like a little girl. He waits for McCain's policy statements so he can cherry pick what he likes.
McCain had said to cheers and applause in Columbus, Ohio: 'Senator Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation. [Made air quotes for 'monitoring the situation.' Then grinned and flashed a sarcastic thumbs-up.] That's not leadership. That's watching from the sidelines.'
Victor Davis Hanson
Did the McCain debate victory matter? Yes, it helped, but time is running out and the economy is trumping the campaign battlefield. It matters little that Chris Dodd in disgraceful fashion took $165,000 from the miscreants at Freddie Mac and Fannie Mae, or that Barney Frank's vehement opposition to reform of those institutions empowered their near-criminal leveraging.
Obama was second only to Dodd.
Instead, the incumbent administration and its party in general get blamed or credited for the current economy. Moreover Wall Street as right-wing free-market sewer is a far better known talking point than the more complex corruption of hyper-liberal legislators legitimizing their own dishonesty and graft through calls to help the poor and minorities get loans and be relieved of their debts.
Fannie Mae Eases Credit To Aid Mortgage Lending Published: September 30, 1999
By STEVEN A. HOLMES
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
hat tip Colony 14
One of the world's finest newspapers, The New York Sun is publishing it's final edition tomorrow. We have lost an important independent investigative voice in journalism. Clearly this is a further indication of the death of print. I rub my hands in anticipation over the future death of The New York Times. You'll see. The bigger they are, the harder they fall.
The future of print is the blogs.
New York Sun Plans to Publish Final Edition Tomorrow (Update1) By Sarah Rabil (hat tip Van)
Sept. 29 (Bloomberg) -- The New York Sun, the six-year-old newspaper that has never made money, plans to publish its final edition tomorrow, spokesman Michael Moi said in a telephone interview.
The Sun, begun as a conservative alternative to the New York Times and funded by Bruce Kovner and Michael Steinhardt, warned readers this month that it needed ``tens of millions'' of dollars to cover losses. Top editor Seth Lipsky said on Sept. 4 that he needed more investors, even after the original backers provided additional cash.
The Sun's distress came during a credit crisis that has stymied fundraising and led to the bankruptcies of Lehman Brothers Holdings Inc. and Washington Mutual Inc. Starting in 2002, the newspaper went up against the New York Times and the Wall Street Journal in New York. The Sun made gains in print advertising sales in recent years, Lipsky said this month. Industry ad revenue has posted record declines this year. CONTD...
These are dangerous folks. Freedom of the press means freedom to brainwash the people and freedom to usurp, freedom to destroy. POWER WITHOUT ACCOUNTABILITY. Over at Instapundit.
A READER AT A MAJOR NEWSROOM EMAILS: "Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything that would jeopardize election for O, and betting you dollars to donuts same is true at NYT, others. People cheer when CNN or NBC run another Palin-mocking but raising any reasonable inquiry into obama is derided or flat out ignored. The fix is in, and its working." I asked permission to reprint without attribution and it was granted.
In the 1940's Europe decided to rid the continent of the Jews
In the 2000's, the world decides to rid the world of Israel.
How cool is this? I can't read a word of it but I love it. yeah baby. The party of Freedom.
He was on Glenn Beck .... if you missed it watch it here. "
Central banks around the world unveiled a plan to pump massive amounts of cash into the global banking system in a concerted effort to boost market confidence and inject liquidity into the global markets.
UK, Belgium, Iceland ......
The steep sell off of sterling and London shares came as agreement reached on Capitol Hill on a proposed $700 billion rescue plan for the US banking system was overshadowed by the latest woes for British and continental European banks. As well as B&B, the Belgian, Dutch and Luxembourg Governments nationalised parts of Fortis, the European banking and insurance giant, and agreed to inject €11.2 billion into the group.
Iceland's government also took control of Glitnir, that country's third biggest bank.
2pm Shit meets fan II:
Vote looks like its going down ......... nays seem to have it.
DOW TANKING - DOWN 600 POINTS
BAILOUT BILL GOES DOWN! REJECTED BY THE HOUSE. HOUSE REPUBLICANS VOTE 2 TO 1 AGAINST THE SENATE
I wouldn't give those moochers and looters the sweat off my brow. INDICT DODD! INDICT FRANKS! Instead the chief criminals are in charge of the fix.
THE SILENT MAJORITY HAS SPOKEN. WE ARE CAPITALISTS
In a narrow vote, the House today rejected the most sweeping government intervention into the nation's financial markets since the Great Depression, refusing to grant the Treasury Department the power to purchase up to $700 billion in the troubled assets that are at the heart of the U.S. financial crisis.
Barack Obama and the Strategy of Manufactured Crisis American Thinker
UPDATE: 3:51pm Pelosi Takes One Last Cheap Shot, Derails Bailout Bill( My Pet Jawa)What group elected this woman as their leader?
The Rescue Package Will Delay Recovery Ludwig Von Mises Institute
UPDATE: 4:30 pm Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue.How the Democrats Created the Financial Crisis
UPDATE: AP has quote from the State Farm VP... lying about how it's a non partisan campaign.... well... his name is Mike Fernandez and according to open secrets... he's a major Obama supporter $2,500(more here) hat tip gary
UPDATE: EXCELLENT VIDEOS OM VOTER FRAUD. Go now
Among the record number of voters expected to cast ballots this fall may be an increase from the homeless. Obama knows his constituency. I am sure the plan is to overwhelm the polls with a deluge of last minute registrations to create chaos and force officials to allow questionable votes or they will be accused of "voter suppression".
Advocacy groups and shelters across the country have stepped up efforts to register the 3.5 million people who drift in and out of homelessness in the United States.
"Just because we're homeless or low income doesn't mean we don't have an opinion," said Estelle Bearcub, who plans to vote for Barack Obama. "It's our right to vote. And it's our right to have our opinion count, too."
I read recently that homelessness was down 12%. 12% decrease in a key democrat constituency - I am sure Obama will do his damn best to increase their legions.
No matter how you look at it ............. terror, economy, foreign policy .... uh uh uhbama is a disaster. The man must be stopped.
O'S DANGEROUS PALS BARACK'S 'ORGANIZER'
BUDS PUSHED FOR BAD MORTGAGES Stanley Kurtz
WHAT exactly does a "community organizer" do? Barack Obama's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit.
In the name of fairness to minorities, community organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes - and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers.
In other words, community organizers help to undermine the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years training and funding the organizers who do it.
THE seeds of today's financial meltdown lie in the Commu nity Reinvestment Act - a law passed in 1977 and made riskier by unwise amendments and regulatory rulings in later decades.
CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in "subprime" loans to often uncreditworthy poor and minority customers.
Any bank that wants to expand or merge with another has to show it has complied with CRA - and approval can be held up by complaints filed by groups like ACORN.
"Evil spawn Angelina Jolie and her vacuous hubby Brad Pitt make about forty million dollars a year in violent psychopathic movies and give away three of it to starving children trying to look as if they give a crap about humanity," Roseanne Barr writes on her blog. She also criticizes the couple for not supporting Barack Obama.
What a giant pigwoman. Always from the leftards, notice that? They are vile.
Jews around the world celebrate the beginning of the year 5769 on the Jewish calendar starting at sundown tonight. Rosh Hashanah, the two-day Jewish New Year celebration, also marks the beginning of Judaism's High Holy Days. The 10-day period of repentance culminates in Yom Kippur, the Day of Atonement.
I am wishing all of my readers a very happy and sweet new year.
Pray ....... hard
Happy New Year ....... yeah, Japan.
UPDATE: Baruch Hashem!
Now that ACORN is out of the bailout - are these guys on the pork dole?
Akin to ACORN claiming their activites are legal, I know:
SAN FRANCISCO (AP) — A coalition of Spanish-language media and community organizations kicked off a massive voter registration drive Thursday, aiming to register nearly one million Hispanic voters…
“This effort will not only put voter registration forms in the hands on Latinos, but also may help shape the political landscape,” said Janet Murgia, president and CEO of National Council of La Raza…
The campaign’s print media partner, impreMedia, will insert 990,500 voter registration cards into its publications between Friday and Monday in Arizona, California, Colorado, Florida, Illinois, New York, and Texas.
La Raza is a member of MEChA is an Hispanic separatist organization that encourages anti-American activities and civil disobedience whose members romanticize Mexican claims to the "lost Territories" of the Southwestern United States -- a Chicano country called Aztlan. In its national constitution, MEChA calls for self-determination by its members to liberate Aztlan. (more here)
Radical 'Reconquista' Agenda Human Events
While Obama, largest recipient of millions of dollars from the financial and securities lobbyists (and second largest recipient of lobby bucks from Fannie Mae and Freddie Mac) is running around the country taking all credit for the new American socialism and putting all blame on the Republicans.
This from the empty suit who could not formulate a policy statement when the crisis broke. He said he wanted to "wait". Yeah for McCain's policy statement so that he could crib it and then accuse McCain of stealing it from him.
Hard to keep up with three card Omonty. Gotta love Clinton on this. The only time the black curtain is lifted on the leftist forces of darkness, is when there is a power grab. Fascinating in a sun tzu kinda way.
FORMER PRESIDENT BILL CLINTON BLAMES CORRUPT DEMOCRATS FOR FANNIE MAE MELTDOWN ABC news (hat tip JM)
President Clinton told ABC News That the blame for the Fannie Mae Meltdown Lies squarely at the feet of Corrupt DEMOCRATS who blocked efforts to regulate and investigate Fannie Mae. You have to admire his honesty, candor, and political courage-
Watch The Jim Angle Report It Links To The Clinton Interview--
Watch The ABC / Clinton Interview On ABC New ---
Hear Barney Frank On Video "There Is No Crisis At Fannie Mae"
There are former CEOs of Fannie Mae, Interim and assistant CEOs, Four US Senators and at least two members of the US House of Representatives who should GO TO JAIL for BRIBING members of Congress to block investigations of Fannie Mae Abuses.
I guess they didn't need him. Another set of reps! (Obama working hard, at the gym)