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American Political Orphan
When the righteous are in authority, the people rejoice; but when the wicked beareth rule, the people mourn. Proverbs 29.2
Thursday, September 25, 2008
Buried in the Economic Bailout Plan…............Reid to Renew Oil Shale Ban
Since 1981, the United States Congress have placed a rider on the annual appropriation bill to block exploration and development of our nations natural resources. The Democrats has now allowed the rider to expire on October first. This is great news. If you read the AP article Analysis: Democrats absorb a defeat on drilling by Associated Press Writer H. JOSEF HEBERT, describes the defeat including Nanci Pelosi attempt to prevent drilling within 50 miles of our shore. The Oil we need is located withing those 50 miles. Pelosi Failed.
Now here come Harry Reid with his attempt to back-stab America.
Here is the text of Reid’s proposed new ban on oil shale, that he is trying to add as an amendment to the CR or move seperately as a “stimulus” package, or we should say an anti-stimulus package if this is included.
Sec 1602 continues ban on oil shale. The language follows:
SEC. 1602. Notwithstanding any other provision of law, including section 152 of division A of H.R. 2638 (110th Congress), the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009, the terms and conditions contained in section 433 of division F of Public Law 110–161 shall remain in effect for the 19 fiscal year ending September 30, 2009.
It would be an insult to all Americans if Senate Democrats worked to bailout Wall Street while damaging our future prosperity by banning development of vast energy reserves in oil shale.
Harry Reid is the Senate Majority Leader and could not give a rats behind about reducing our dependance on imported oil.
Democrats Want Americans to Suffer if it Helps Them Win
It has occurred to me that the Democrats with the assistance of the “Legacy” media have finally pulled it off. The total collapse of the United States economy right before an election.
Congratulations, I think they’ve finally done it. The Democrat controlled Congress will sell America out in a heart beat. Just keep watching.
‘‘These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,’’ said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘‘The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.’’
He is the Chairman of the House Financial Services Committee. Shall we ask him to step down in light of what we know now?
PDS is defined as ‘Palin Derangement Syndrome’ It only affects the Left and may be exhibited as full formenting fits of rage with periods of mumbling to themselves and major discontent.
“Scottsdale, AZ., Sept. 24, 2008 - According to Automotive News’ Chrissie Thompson, Bill Heard Enterprises, the country’s top Chevrolet dealer group, is closing the doors at all of its 13 dealerships at the end of business today, according to a person with knowledge of the situation.
The company notified the stores’ general managers at 2 p.m. today, the source said, who spoke anonymously because he was not authorized to speak.
High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the company, which on Sept. 12 closed its store in Scottsdale, Ariz.
In the end, the company could not raise operating capital and could not finance its floorplan, the source said. Company officials have discussed closing the company since Friday, the source said.
Bill Heard Enterprises, of Columbus, Ga., ranks No. 13 on the Automotive News list of the top 125 U.S. dealership groups, with 2007 group revenue of $2.13 billion.”
I don’t even know what planet this lady is on. By the ranting I don’t think she knows either.
I wouldn’t normally post something like this here but you need to see the extent of the mental disease called Liberalism.
“Almost everyone I work with on projects related to this campaign for liberty has been experiencing computer harassment: emails are stripped, messages disappear. That’s not all: people’s bank accounts are being tampered with: wire transfers to banks vanish in midair. I personally keep opening bank accounts that are quickly corrupted by fraud. Money vanishes. Coworkers of mine have to keep opening new email accounts as old ones become infected. And most disturbingly to me personally is the mail tampering I have both heard of and experienced firsthand. My tax returns vanished from my mailbox. All my larger envelopes arrive ripped straight open apparently by hand. When I show the postman, he says “That’s impossible.” Horrifyingly to me is the impact on my family. My childrens’ report cards are returned again and again though perfectly addressed; their invitations are turned back; and my daughters many letters from camp? Vanished. All of them. Not one arrived. Try explaining that to a smart thirteen year old. Try explaining it in a way that still makes her feel secure and comfortable.”
“Scharansky divided nations into “fear societies” and “free societies.” Make no mistake: Sarah “Evita” Palin is Rove and Cheney’s cosmetic rebranding of their fascist push: she will help to establish a true and irreversible “fear society” in this once free once proud nation. For God’s sake, do not let her; do not let them.”
The Jawa Report does some real Internet detective work and connects all the dots. It’s real live example of Democrat dirty tricks. Here’s the overview….
“Extensive research was conducted by the Jawa Report to determine the source of smears directed toward Republican Vice Presidential candidate Sarah Palin. Those smears included false allegations that she belonged to a secessionist political party and that she has radical anti-American views.
Our research suggests that a subdivision of one of the largest public relations firms in the world most likely started and promulgated rumors about Sarah Palin that were known to be false. These rumors were spread in a surreptitious manner to avoid exposure.
It is also likely that the PR firm was paid by outside sources to run the smear campaign. While not conclusive, evidence suggests a link to the Barack Obama campaign. Namely:
Evidence suggests that a YouTube video with false claims about Palin was uploaded and promoted by members of a professional PR firm.
The family that runs the PR firm has extensive ties to the Democratic Party, the netroots, and are staunch Obama supporters.
Evidence suggests that the firm engaged in a concerted effort to distribute the video in such a way that it would appear to have gone viral on its own. Yet this effort took place on company time.
Evidence suggests that these distribution efforts included actions by at least one employee of the firm who is unconnected with the family running the company.
The voice-over artist used in this supposedly amateur video is a professional.
This same voice-over artist has worked extensively with David Axelrod firm, which has a history of engaging in phony grassroots efforts, otherwise known as “astroturfing.”
David Axelrod is Barack Obama’s chief media strategist.
The same voice-over artist has worked directly for the Barack Obama campaign.
This suggests that false rumors and outright lies about Sarah Palin and John McCain being spread on the internet are being orchestrated by political partisans and are not an organic grassroots phenomenon led by the left wing fringe.”
The whole piece is a long thread, you should read the whole thing.
In response to recent accusation from the Democrats that John McCain was responsible for this mess let’s be clear. A bill to reform Freddie Mac and Fannie May in 2005 failed in committee by a party line vote. The Democrats opposition killed the bill and it was never brought forward for a vote.
“It is easy to identify the historical turning point that marked the beginning of the end.
Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission’s chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie’s position on the relevant accounting issue was not even ``on the page’’ of allowable interpretations.
Then legislative momentum emerged for an attempt to create a ``world-class regulator’’ that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.
Greenspan’s Warning
The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn’t be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,’’ he said. ``We are placing the total financial system of the future at a substantial risk.’’
What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
Different World
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn’t become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn’t even get the Senate to vote on the matter.”
The Democrats are so busy trying to deflect the blame for the current economic crisis that it’s hard to know what the truth is. The Democrats are guilty guilty guilty. What I am going to do is post the relevant articles so that the facts can speak for themselves.
Let’s start with the beginning. Clinton’s Housing and Urban Development secretary, Andrew Cuomo.
“There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), better known as Fannie Mae and Freddie Mac.
Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded “kickbacks” to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.”
I had an opportunity to attend the rally in The Villages, Florida for Sarah Palin. It was hot and crowded but everyone was enthusiastic and had a good time.
The weather cooperated and the Villages Staff provided lost of free water and had to scramble to accommodate twice as many people than they expected.
Sara Palin gave a great speech without a teleprompter by the way. When she left she took a very long time meeting the crowds and signing autographs. Up close she was very personable and genuine.
Democrats Directly Responsible for Economic Meltdown
The Democrats and a handful of Republicans, (can you say RINO, I’ll bet you can), are directly responsible for the economic meltdown. According to a Investment Business Daily editorial, Congress Tries To Fix What It Broke, they place the blame where it is deserved. Squarely with the Democrats.
“A visibly annoyed House Speaker Nancy Pelosi rejected suggestions that Democrats share blame for the meltdown. “No,” she snapped at reporters who dared ask.
Stick to our narrative, she scolded: The bursting of the housing bubble was another story of market failure and deregulation.
“The American people are not protected from the risk-taking and the greed of these financial institutions,” she said, while calling for investigations of the industry.
Only, the risk-taking was her idea — and the idea of all the other Democrats, along with a handful of Republicans, who over the past 30 years have demonized lenders as racist and passed regulation after regulation pressuring them to make more loans to unqualified borrowers in the name of diversity.
They were the ones who screamed — “REDLINING!” — and sent banks scurrying for cover in low-income neighborhoods, where they have been forced to lower long-held industry standards for judging creditworthiness to make the subprime loans.
If they don’t comply, they are threatened with stiff penalties under the Community Reinvestment Act, or CRA, a law that forces banks to make home loans to people with poor credit risks.
No fewer than four federal banking regulatory agencies are responsible for enforcing the law. They subject lenders to racial litmus tests and issue regular report cards, the industry’s dreaded “CRA rating.”
The more branches that lenders put in poor neighborhoods, and the more loans they make there, the better their rating. Those lenders with low ratings can not only be fined, but also blocked from mergers and other business transactions needed to expand.
The regulation grew to monstrous proportions during the Clinton administration, obsessed as it was with multiculturalism. Amendments to the CRA in the mid-1990s dramatically raised the amount of home loans to otherwise unqualified low-income borrowers.
The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama.
HUD, in turn, pressured Fannie Mae and Freddie Mac to purchase more subprime mortgages, and Fannie and Freddie, in turn, donated to the campaigns of leading Democrats like Barney Frank and Pelosi who throttled investigations into fraud at the agencies.”
Of course, the Democrats and the Legacy Media love to talk the economy down during an election year. They are going to blame John McCain and George Bush. Whatever they accuse them of, know this, they are really talking about themselves.
This year the American People need to hold them accountable. I sure hope they do.
Oh really? Not so fast there Ms. Pelosi. I know you are deligted that the economy is in the tank however you and the Democrats bear all the blame for this mess.
According to the guys at Powerline in their blog post, Turmoil in the Markets, they point to a report from Fox News’s John Gibson which clearly implicates the Democrats.
From John Gibson,
“Lehman Brothers’ collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.
A group called the Center for Responsive Politics keeps track of which politicians got Fannie and Freddie political contributions. The top three U.S. Senators getting big Fannie and Freddie political bucks were Democrats, and number two is Senator Barack Obama. Now, remember, he has only been in the Senate four years but still managed to grab the number two spot ahead of John Kerry, decades in the senate, and Chris Dodd, who is chairman of the Senate Banking Committee.
Fannie and Freddie have been creations of the Congressional Democrats and the Clinton White House, designed to make mortgages available to more people, and as it turned out, some people who couldn’t afford them. Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration’s White House budget director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick, Clinton Justice Department official, worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama’s VP search committee, has hauled in millions from his Fannie Mae C.E.O. job.
Now remember, Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain, Senator Obama, was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks. Senator Barack Obama, number two on the Fannie/Freddie list of favored politicians after just four short years in the Senate. Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem.”
And now today, Senate Majority Leader Harry Reid, true to form, was blaming John McCain of the economy.
And also from the Politico, Pelosi orders wide Wall Street probe, well this should be a nice “show trial” for sure. I cetainly hope it backfires on them and the real truth comes out.
Not likely, but I think they under-estimate the American People. We won’t really know for sure until November 4th when the American People WILL be heard.
“The Times Interviews John McCain
Following are excerpts of a transcript of an interview conducted by The New York Times’s Adam Nagourney and Michael Cooper with Senator John McCain in Hudson, Wis., on July 11. The answers are transcribed verbatim; some of the questions are paraphrased. The other people Mr. McCain refers to, who were in the room, are his wife, Cindy; Mark Salter, a senior adviser; Brook Buchanan, his press secretary; and John Taylor, an economic adviser.
Q: Do you use a blackberry or email?
Mr. McCain: No
Mark Salter: He uses a BlackBerry, just ours.
Mr. McCain: I use the Blackberry, but I don’t e-mail, I’ve never felt the particular need to e-mail. I read e-mails all the time, but the communications that I have with my friends and staff are oral and done with my cell phone. I have the luxury of being in contact with them literally all the time. We now have a phone on the plane that is usable on the plane, so I just never really felt a need to do it. But I do – could I just say, really – I understand the impact of blogs on American politics today and political campaigns. I understand that. And I understand that something appears on one blog, can ricochet all around and get into the evening news, the front page of The New York Times. So, I do pay attention to the blogs. And I am not in any way unappreciative of the impact that they have on entire campaigns and world opinion.”
“McCain’s severe war injuries prevent him from combing his hair, typing on a keyboard, or tying his shoes.”
And what about “Tax Breaks” for corporations? Corporations don’t really pay taxes. Actually they do but taxes are part of the cost of doing business. Those costs are passed on to the consumers in higher prices for goods and services. Obama is hoping you are educated in a government school and are unable to understand this.
After all, how do Democrats get elected? They use lies and distorted facts. They count on the dumb masses to be ignorant of the facts, playing on the human emotions of envy and greed. THEY ARE GOOD AT IT!
Maybe the next Obama ad will say that John McCain never learned to tie his shoes either. That will probably be next.
“John McCain’s self-deprecating statements about not “getting” the Internet”
were thrown out as a setup to the Obama campaign, and they ran with it. If Obama is so gullible, then what happens when Obama is duped by a world power such as Russia or China or Iran for that matter? In that light, maybe it would have been better for Obama to appear with the “Not Ready for Prime-Time Players” of Saturday Night Live after all. Clearly Obama is not ready for “prime-time” himself. It would have been a perfect fit.
The Democrat and Republicans In Name Only, (RINO)s, have lost touch with the American People. They have become the political elite and We the People have become "fly-over country." I am not a Nazi, a terrorist, a member of the KKK, a racist, or a member of an angry mob. I'm not a birther, teabagger, truther or astroturfer. I do, however believe in the original intent of the Founding Fathers, the United States Constituton and the rule of law. I believe that Government should serve the People, not the other way around. I’m an American and conservative to my very core.
