"Lawfare" Keeps Israeli Officials Home

Using the usual tactics of fear and intimidation, Palestinians stop Israeli officials from travelling. It matters not that the so-called government of the Palestinians is run by groups who are perpetrating violence against a sovereign nation and innocent civilians. The fact that Palestinians have died makes Israel guilty of "evil."

When will the Palestinians hold their own government and the terrorists of their own lands guilty for the violence they commit? The rest of the world graciously welcomes those visitors. Perhaps they should be arrested when they travel to other nations. Then, they could be charged with war crimes. Undoubtedly, the Palestinian activists would scream about being singled out and discriminated against. They would get all kinds of media sympathy and attention. People would feel sorry for them and give them sepcial treatment. Oh. My mistake. That's already happening.

hmm...Why is it that so few people recognize this two-faced behavior and media manipulation for what it really is?

Bias? In The Media? Really?

Obama never left Washington? How gentle and consoling of the Fourth Estate.

So...how come the media never wrote like this about Bush...or other Republicans, for that matter? Couldn't be anything like an inherent left wing bias in the media...or a hidden agenda...could it?

Global Warming, Unemployment, and History Repeats

In the latest salvo by global warming alarmists, it is being claimed that the economic downturn is an opportunity to build a low carbon future. China and others are angry that western nations are trying to keep the emission targets from being legally binding. But, those same nations come uder no real threat from the plans, which has frustrated industrialized nations such as the US.

Developed countries, which it defines as those in the OECD and/or EU, will have to slash energy-related emissions by 17% in the next 11 years and by 50% by 2030.

Other major emitters such as China, India and Brazil would have to keep the rise in their emissions to 14% above current levels by 2030.

Countries in earlier stages of development would be able to increase their greenhouse gas output.

Now, I understand the idea is top make it economically feasible for developing countries to develop, without stifling them through the high costs of limiting carbon emmissions. But, the idea is flawed. At what point do those nations suddenly become accountable for these standards? And, what will the cost be at that point to convert their industries? Certainly it won't be cheaper than it is to set them up now. Or should we consider that China and Idia are now the greatest carbon polluters on the planet? Yet, we will make the industrialized nations pay for all of their growth. At what cost to them? No noe seems to care. This type of couble standard is why many opponents scoff at such plans.

Meanwhile, the Obama adminstration and the press keep telling us things are getting better. And, many Americans believe them. But, at the same time, there are other stories that are slowly planting the seeds things are not so good. Time Magazine had an article on unemployment last month. The title ON THE COVER says it all: Why Double Digit UnemploymentMay Be Here To Stay. America has been conditioned to trust the media, who only reports certain things by the way, and reports them in certain ways. It's kind of like the Townhall meetings on Healthcare Reform--every question was prescripted. If you are wondering how it is done, how people are being convinced out their firm beliefs of ethics, religion, or whatever, you should go read the 2006 book Influencer: the Power to Change Anything. It's very informative and eye opening.

You should also learn to pay attention to legislative history in new ways. In case you missed it a couple weeks ago, there was an indication of things to come in the news. It seems French President Nicolas Sarkozy wants to tax bank financial transactions. Now, the goal is to limit risky behavior. And, other EU officials say there is "less than minimal" chances of it happening. But, when it comes to government, if it gets proposed sooner or later something like it goes into law. After all, this particular tax was first proposed in the US during the 1970s.

Economics, Politics, and Smokescreens

There was an AP news reports yesterday declaring that Social Security will pay out more in benefits than it collects in taxes the next two years. The AP also reported that regulators shut down the 95th U.S. bank to fail this year as loan defaults rise in the worst financial climate in decades. Meanwhile, the New York Times reported that job seekers exceed job openings 6-1. All of which leaves me wondering why are so many Americans are buying the media blitz and Obama's declarations that things are improving? It's time for Americans to pay attention to the facts being reported by mainstream media, and sorting them out of the hype and distractions these reports are filled with.

Meanwhile, for those who are complacent about their freedoms, you should be aware that Presidential Power to shut down the Internet is being debated in Congress. This comes at the same time that the Justice Department says Federal Computer program to watch computer use is no problem...legally or otherwise. Privacy groups disagree.

But, still, we sit back and listen as one government move after another removes freedoms and personal rights in the name of the public good. The thing to recall is the Socialist party leaders said in the 1944 that they did not need to run for office anymore because the Democratic Party had adopted their ideas.

Six-time Socialist Party candidate for president of the U.S., Norman Mattoon Thomas, said in a speech in 1944 that "The American people will never knowingly adopt Socialism. But, under the name of 'liberalism' they will adopt every fragment of the socialist program until one day America will be a socialist nation, without knowing how it happened."

Then, he went on to say, "I no longer need to run as a presidential candidate for the Socialist Party. The Democratic Party has adopted our platform."

Even worse, by 1948 all items of the Socialist platform had been co-opted by either the Republicans or the Democrats. Obviously, the goal is to have government in charge of everything. For example, healthcare, while important, does not have to be run by the government. But, both parties are talking about how important it is for the government to be in charge of how healthcare is handled. And, the media is complicit, since they rarely if ever give equal space to those who oppose it. We should all probably spend more energy remembering that...as we consider both political parties, coming elections, and what the media feeds us.

The Unethics of Government, Lead by our President

Citezens for Responsibility and Ethics in Washington (CREW), a left-leaning watchdog group, has released its annual report on the most corrupt members of Congress. And, strangely enough, most of the top-ten are Democrats.



On the subject of ethics issues and government officials, And according to Liveleak.com, Obama spent $20.3M to bring Hamas "refugees" to America. Well, it was part of H.R. 1388, which passed by the way. Don’t believe me? Here is the Federal Register entry on it…

Federal Register: February 4, 2009 (Volume 74, Number 22)
DOCID: fr04fe09-106 FR Doc E9-2488
Presidential Documents
U.S. Immigration and Customs Enforcement
NOTICE: Part II
DOCID: fr04fe09-106
DOCUMENT SUMMARY:

[[Page 6115]]
Presidential Determination No. 2009-15 of January 27, 2009

Go look it up for yourself.



Obama also claims the fines for not carrying health insurance are not taxes. But, according to fact checking that’s a lie.

...the language of Democratic bills to revamp the nation's health care system doesn't quibble. Both the House bill and the Senate Finance Committee proposal clearly state that the fines would be a tax.”

It’s totally amazing to me how many times our President can lie, and not get called for it by the media. Left wing political watchdog groups I can understand skipping over it. But, the media not only downplays the all, but spends huge amounts of time attempting to marginalize anyone who tries to bring these lies to the light of day. How do I know? Check out this quote from later in the article:

Some liberals acknowledge that Obama might be vulnerable on the insurance requirement. But they say most people will understand as long as the legislation provides enough of a subsidy to make the coverage affordable. That's a central issue this week as the Senate Finance Committee starts voting on legislation.

Not only that, it goes on to quote a left wing group as saying whether it’s a tax or not is “a metaphysical question.” And, the media never even questioned that approach.



There were two other articles today that really caught my attention. The media and the President have been touting how much the economy is improving. They have been doing it a lot. So, explain today’s article about “10 Companies Approaching Bankruptcy”. It would appear with these big companies so close to bankruptcy that the economy is not as sound as our leaders would ahve us believe.

This was quickly followed by the article titled “FDIC Might Need To Borrow From Banks.” Turns out the FDIC doesn’t want to tap it’s credit line at the FED. So, they are trying to make banks foot the bill. Of course, the money would be borrowed, meaning banks would get some income off of it. And, borrowing from the big banks is just one option, but it is being seriously considered.

“Regulators also are considering levying a special emergency fee on all banks, charging regular fees early or tapping a $100 billion credit line with the U.S. Treasury, the officials said.”

Perhaps I’m just a bit naïve, but, aren’t these banks in danger of failing due to bad lending, and so forth? Especially the big banks? The same banks that are being told not to repay their TARP funds due to possible solvency issues? And, the government is now going to borrow from the same banks it bailed out?

The REAL Man-made God!

I had a really interesting…and frightening…thought today. But, have you ever considered how government is becoming like a god?

Let’s think about this for a minute. When things went wrong, people used to cry out to their deity of choice for relief. Who do we cry out to now? The government! Most religions have some clause where you give some percentage of your income to them to placate the anger of your particular deity. So what do we have now? The IRS! Most religions go to great lengths to keep you from finding out about other religions. So, what do we have? Separation church and state…where you can’t discuss other things or have government funding if whatever you does so! And, let’s not forget that every religion has all kinds of rules for proper behavior to keep your deity happy…or at least less mad at you. Dare we even discuss the size and complexity of legal code coming out of Washington (or whatever other world capital) these days? We can even carry out the Biblical analogy and say we have our own Pharisees and Saducees (feuding sects, a.k.a. Republicans and Democrats). This religion even has it’s own mouthpiece to declare it’s worthiness and greatness! Enter Mainstream media (MSM). And, finally, like all relgions, it wants to be incontrol of everything. So…we get nationalization of business and industry!

I tell you, it’s a religious monopoly! Government is forcing us all into religious service! It shuts down or marginalizes other religious views, defines proper behavior and activity, and demands out obeisance by threatening to not meet our needs. If that isn’t a man-made god, I don’t know what is.

Obama And the Ever Increasing Deficit

The AP article headline reads White House, Congress projects record deficits. Honestly, does this surprise anyone?

Both the White House Office of Management and Budget and the nonpartisan Congressional Budget Office predicted the budget deficit this year would swell to nearly $1.6 trillion, a record, and far above the then-record 2008 budget deficit of $455 billion.

Most of that increase is from stimulus spending. And, many are still arguing over whether the stimulus is actually accomplishing what it was supposed to do: job creation.

Meanwhile, there is a very important, and very over-looked, point in all of this:

Both see the national debt — the accumulation of annual budget deficits — as nearly doubling over the next day. The total national debt, made up of amounts the government owes to the public, including foreign governments, as well as money it has borrowed from itself, stood Tuesday at a staggering $11.7 trillion.

How many people realize the government has been borrowing from itself? This is one reason why Social Security is nearly broke. But, in the double entry world of accounting that becomes OK. I have money, I loan it to myself at interst, and that creates an asset to counter balance the liability. The problem is, in effective reality, the government is now out the money twice...and still can't pay it back.

And, the fiscal responsibility mud should get slung both ways. As much as the Democrats and the media slung it at Bush and the Republicans, we should expect to see it fly the other way. But, the media is already hiding things in these articles to gloss things over. For example, this article ends by saying:

The Obama administration did tout one number in its budget review: The 2009 deficit is now expected to be $1.58 trillion, $263 billion less than projected by the White House in May. That's largely because the White House removed a $250 billion item that it had inserted as a "place holder" in case banks needed another bailout.

The effect of ending on such a note is to say "Obama did good, so everything is OK." Which basically means the media will gloss over this. And, the American public will be hoodwinked again.

Oh! Haven't you realized? The media and government is playing the same games it did over the Vietnam War protests and 60s economy. Only this time, it's the liberals in control of what's being fed to the public.

(...my how the times they are a-changin...)

The Benefit of Government Healthcare...and related lies...

Isn’t it interesting that since the Youtube video where Democrats announced they were out to eliminate the private insurance industry, the Democrats and the media are going to great lengths to make Americans believe otherwise? In their latest move, Democrats are faulting CBO calculations that government healthcare would eliminate private coverage for 23 million Americans. Always quick to cite Congressional Budget Office figures against Republican opponents, Dems are slighting the office for it’s work on this. Among other things, the CBO has determined the Kennedy heathcare legislation—which is not as broad as the one Obama is pushing--will also increase the federal deficit.

Enacting the Kennedy plan, nonetheless, “would result in a net increase in the federal budget deficits of about $1 trillion," says the CBO. "That estimate primarily reflects the subsidies that would be provided to purchase coverage through the new insurance exchanges, which would amount to nearly $1.3 trillion in that period.”

The CBO also noted this would break a key promise of the Obama platform that those with existing coverage would get to keep it. The NY Times had this comment in their article:

Senator Orrin G. Hatch of Utah, a senior Republican on both committees drafting health legislation, said he found the office’s numbers stunning. He calculated that the Kennedy bill would cost taxpayers $62,500 per uninsured person over the 10 years.

Even at Sen. Hatch’s numbers, that is a huge expense—and Congress knew about that number.

I only have one question. Government is taking over business. Government is saying how and who can be insured. And, it has been said by one Senator that the elderly will have to do without some levels of healthcare. At what point do stop believing the media and our government when it says socialism, or even communism, is not taking over America?

Smoke and Mirrors from Obama and the Swine Flu

So much for President Obama’s “tax credit for all” package. The way it was written, it is actually creating tax liabilities for the poor. And, more importantly, nothing is being done to let people know.

At-risk taxpayers include a broad swath of the public: married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income.

The Internal Revenue Service acknowledges problems with the withholding tables but has done little to warn average taxpayers.

Retirees get the latest $250 SSN check deducted from their eligible “refund. College students may not get to claim it at all. Yet, this was hailed as a package that would provide for these very people.

Now, I am smart enough to realize people need to keep up with their own tax issues. But, the whole thing smells like a cheap public relations stunt. That is especially true since the government is saying nothing even though they knew in advance this would happen. So, how come no one is saying “Obama lied and ripped us off again.”

(…tell me again why people believe the Liberals really care about the poor…???...)

And, in the continuing stories showing the stupidity over the Swine Flu, Mexico is reporting a drop in reported cases THE DAY AFTER closing businesses and offices.

Mexico started a five-day shutdown of most offices and businesses on Friday to try to halt the spread of a deadly flu strain, and officials said they were encouraged by signs the number of new cases was dropping.

Does anyone really believe that a single day of closings brought an immediate drop to the number of cases? That’s as crazy closing schools in Texas in hopes of keeping disease from spreading. The kids will go to malls and daycare centers while their parents work. That is not the type of isolation required to stop the spread of a dangerous disease. The WHO (World Health Organization)…

said on Friday that no meeting of its emergency committee was scheduled, meaning there was no immediate likelihood of the current level 5 alert being raised to a full 'phase 6' pandemic alert.

In fact, only mild cases have occurred anywhere outside of Mexico, indicating the spread is relatively limited. According to this article, the number of new cases being reported by hospitals in Mexico in the last 10 days has dropped by some 75%. And, while 176 deaths so far is a lot, 13,00 flu deaths occur in the US each year. This is a very far cry from a lethal pandemic.

(…do I really want to ask how dumb the media and government think we are…)

The problem this type of media hype could create is horrifying. consider all the false warnings the media gives...on an ever increasing basis. As time goes on, people will probably pay less and less attention. And, then, one day, the media will get one right but no one will pay attention. People will probably blame God for the problems. But, in fact, they were created by men and God simply let us have what we created and did not bother to fix. I pity the millions who will probably die in those days. I also pity the punishment that awaits those who brought it on.

Change We Can Believe In...NOT!

So much for change “Change We Can Believe In” in Washington. Democrats fight to keep earmarks. I seem to recall some campaign promises by a bunch of Democrats, including the President, to end the earmark process.

Senate Democrats on Wednesday preserved pet projects sought by a lobbying firm under federal investigation and tried to nail down support for big domestic spending increases in hopes of passing a wrap-up budget bill by week's end. Democrats defeated, by a 52-43 vote, an amendment to strip 13 projects that the PMA Group has pressed for. The firm, now disbanded, is accused of illegally using straw donors to funnel campaign cash to lawmakers.

How stunning! Lobbyists under investigation? Illegal donations? And, wonder of wonders, no media outcry! The Liberal masses who would not sit still for this from Bush are absolutely silent on this.

But…wait…it gets better! How about the pullout of US troops from Iraq! out of the battlefield by August 2010, perhaps completely gone by 2011. Pardon me, but those dates sound almost exactly like those proposed by former President Bush! And, what does the media do? They praise Obama for getting the US out of Iraq. Using this as a guideline, Bush was already doing that—and he got crucified for it. But, not the Liberal media’s little darling of a President.

There’s actually a pretty good rant on the subject (much better than mine). You can find it here.

10/28 Morning Report

The Democrats are guilty of dishonest politics again. They are using misinformation to do it in Texas specifically. Let’s take the battle for Texas courts as an example.

In a campaign called “Fair and Balanced Court”, the liberal s are saying the Republicans are out of line, and side with the rich and corporate interests. The TV ad (see the YouTube video on the web site) includes something else. It says that the Supreme Court is supposed to weigh the evidence and rule accordingly. And, that is not true. All the appeals and Supreme Courts are supposed to do is rule on procedure. In other words, they look at what the lower court did and how it reached it’s decision. It does not rule on the evidence.

While the facts they state, that 82% of cases are overturned, are probably true…maybe that’s because of real errors in the lower courts. After all, that’s how these cases are supposed to be treated in the higher courts. Clearly the liberals are trying to bring increased legislation from the bench in courtrooms across America.


For the absolute record, I’m glad the FBI caught those murdering skinheads. They stepped way outside the boundaries of acceptability in political discourse. It is terrorism, nothing more. The role of American politics is to provide an arena to discuss our differences, and eventually unite behind the leadership chosen by the people. The role of people in American politics is to use discussion and debate, not guns, to reach consensus. Racism, therefore, is just another form of terrorism. None the less, Obama has played the race card repeatedly. And, the media lets him—but no one else—get away with it. The media has even gotten into the act of already blaming possible failure on race. The first possible issue raised by the BBC in their analysis was racial. Anyone making the same comments about an African-American gets crucified. There are plenty of quotes from Obama’s books to demonstrate it. He bluntly says, several times, in both books that he is anti-white. Why is this is not considered racist? But, the media has their “darling.” I would write more, but , Judith A. Klinghoffer did the job well enough I don’t have to.


One final comment on the incongruity of the media…How come they have comments and understanding of every voting group in America…except the Arab-American populations (Christian, Muslim, whatever)? Jonathan mark takes a look at that, and the vagaries of candidates on both sides as it relates to the subject. It’s worth reading.

10/23 Morning Report

The media seems to be really convinced that Governor Sarah Palin is not qualified to be Vice-President. It is a common theme when the elections are being discussed—by the media. It wasn’t an issue among people. Just the media. Well, I have a question for the media. If the Governor of Alaska is not qualified to be Vice-president, what made the Governor of Arkansas qualified to be President? Or the Governor of Georgia? Apparently, it only matters when it involves conservatives.

(…but…there is certainly no bias in the media…no favoritism at all…)


Speaking of the media nitpicking Palin, there’s the story from Politico about her wardrobe. But, then again, there is this story in USA Today that picks apart Politico’s arguments.

(…sorry…forgot…no such thing as media bias…)


Meanwhile, the candidates have been spewing lots of new plans and ideas for saving the American economy. The Economist had some interesting thoughts on that. It seems that, for all his talk about McCain’s plans only benefitting the wealthy and those that don’t need it, Obama has slipped into the same pattern:

on October 13th the Democrat upped the ante. The priciest part of Mr Obama’s new two-year plan would be a $3,000 tax credit for each new employee a business hires, which presumably is likely to benefit a lot of companies that would be hiring anyway. Mr Obama also wants to allow everyone to withdraw up to $10,000 from their retirement accounts tax-free (as with the McCain version, not a good way to encourage saving), and he wants a 90-day moratorium on home foreclosures. Such indiscriminate intervention in the mortgage market may be very nice for homeowners whose prospects are looking up, but it would do little in itself for those who can’t afford their mortgages in the first place.

Benefitting those that don’t need it…not helping those who have already been hurt and only assisting those who might later…sounds like the things McCain is being accused of by Obama. And, Obama’s plan to finance everything with taxes on the oil companies seem to be going into the toilet with the drop in crude prices.

(…I wonder where he will make up the money now…)


Meanwhile, India launched a moon mission!

The unmanned Chandrayaan 1 spacecraft blasted off smoothly from a launch pad in southern Andhra Pradesh to embark on a two-year mission of exploration.
The robotic probe will orbit the Moon, compiling a 3-D atlas of the lunar surface and mapping the distribution of elements and minerals.

The launch, clearly a step into the long expected commercialization of space, will leave whoever “wins” the White House in a difficult position. The US is India’s 3rd largest trading partner. But, what that means and how it will be handled remains to be seen. Will Obama, who hasn’t ever seem to have made a decision on his own without changing his mind actually make a decision and act on it? I bet the media portrays McCain as laying down the law that “we were there first”? One thing is certain: it will make for interesting politics.

10/17 Morning Report

I wish I gone with my the guts to say in yesterday’s post what I was thinking after the debate. As soon as I heard Joe the Plumber was outspoken against Obama and liberal policies and plans, I knew the media would be quick to find fault with him. I have to admit, I loved the way some commentators were just left flat footed and out of things to say when he said he was against redistribution of wealth. That was priceless. And, true to form, dig up the dirt they did. The sudden political darling was equally as suddenly a threat. So, the media went out and in less than 24 hours found all kinds of “dirt” on Joe.

Let’s see what we now know about Joe. He works as a plumber, though he is not licensed. But, even according to his boss he should have been, at some level. Interesting how you don’t hear the media screaming about that, though. We also know he owes some $1200 in back taxes, which means like most Americans he is financially strapped, and the state has attached a lien to his house—which is perfectly normal anytime someone falls behind in property taxes. They do it here in Texas, even if you file an appeal. Did anyone check to see if he has? Or worked out a payment plan for it? I don’t find those possible redeeming points in any media article I read.
(…I even had to work out a payment plan with the IRS once…does that make me less than acceptable to the media?...)

We also know he makes less than $250,000, making him exempt from Obama’s tax plan…huh…?

Yep. According to Ploitico, Joe current income was the point of the discussion during the debate. Once again, the media is out of touch…and changing the subject. The discussion was not about what Joe makes now. It was about what he would make after buying the company. Leave it to the media to change the entire focus of the issue so that the issue is no longer an issue. In fact, the article goes to great lengths to make McCain into a dolt for checking these facts a little more closely. The problem here is the media. I have yet to see why these points change the point of the issue: Obama’s plan hurts small business.

It’s just like the race issue. Wesley Pruden goes through the history of how the media twists everything in favor of Obama…and against his opponents…as it relates to race. Obama’s opponents are racist or racist leaning. Obama has not issues that need to be addressed. But, of course, conservative candidates are not eligible for the same treatment.

The media sets the political agenda. The media shape public opinion by only discussing things they want discussed…the way they want them discussed. This isn’t something new. It’s been used for hundreds of years. I wonder if more American’s will ever catch on…

10/09 Morning Report

Does anyone remember that 10 years ago, some experts were already predicting the financial crisis we are in today? A Fox News report shows that indeed they were. So why is everyone so suddenly surprised that it happened?

(…maybe the media ignored it rather than make people worry about their credit levels…that conservatives were saying needed to be paid down rather than built up…which might have caused economic decline due to less money being injected into the system through purchasing…hhhmmm…)


And, at least one journalist is saying the media itself has a share of the blame for the financial meltdown. According to Howard Kurtz’s column at the WashPo:

But while these [financial problems] were conveyed in incremental stories -- and a few whistle-blowing columns -- the business press never conveyed a real sense of alarm until institutions began to collapse.

Of course, I doubt the rest of the media will be so candid. It the same as saying Bush lied about the weapons of mass destruction, while forgetting or ignoring all the Democrats and foreign leaders who said the same thing.

(…I wonder if Kurtz gets to keep his job…hhhmmm…)


Speaking of Iraq, the media is pretty quick to only focus on the cost of the war. No one is mentioning the drop in casualties. No one is mentioning that the Bush agenda of waiting until the Iraqis were ready to govern themselves is finally going to be accomplished. No one is recognizing that several different methods attempted trying accomplish this. All the media seems to notice is that everything failed up till now. Yes, there is still violence, as evidenced by the killing of Shiite leader Saleh al-Ogayly. Evidence of the success of American efforts?

Iraqi Prime Minister Nuri al-Maliki vowed on Thursday to capture the assassins of an anti-American Shiite MP, the first lawmaker to be killed in 18 months, and ordered a top-level investigation.

(…wonder what kind of spin this gets in the anit-bush, anit-military, liberal American media…)

10/08 Morning Rant

Let’s see if I have all of this straight…or at least mostly. The Democrats blame 8 years of failed policy under Bush for the economic crisis in America. The Republicans blame failure of Democratic oversight groups—like the committees in Congress chaired by Democrats—for not doing anything to derail a crisis. And both Presidential candidates take credit for having tried to do something about PART of the problem. McCain did scream about abuses at Freddie and Fannie…and Democrats in Congress (including Obama) who should have been overseeing did nothing. Obama, on the other hand, saw a problem with sub-prime mortgages…and screamed about it. And, Congress (including McCain) ignored it. The warning signs were there. Different people saw different signs. But NO ONE did anything. And, now, the two of them, along with the pundits, just want to point fingers and cast blame.

The truth is there are a lot of people in government at fault. First, removing the wrong regulations was a mistake. The mistake was made by both parties, though. Deregulation was sought by Democratic Congressmen during the Regan, Clinton, and Bush administrations. So the claim that this is the culmination of 8 years of Bush policies is kind of absurd.

Second, not holding legislators accountable for their jobs was, and still is, a mistake. Barney Frank, and other leading Congressmen and Senators, refusing to deal with things at Freddie and Fannie should have Congressional hearings going on. The government in general not properly applying rules and laws that could have protected the American people should be causing massive re-election bids on both sides of the aisles.

And the media…is silent on all of this…except for blaming Bush and letting the Democrats off the hook…and sharing mundane, empty “headline stories” like this one about Sarah Palin’s family tree--which apparently includes FDR and Princess Dianna. (…haven’t actually read it…just saw the headline…)

Meanwhile, tonight after the debates, I heard pundit after pundit whine about how neither candidate had any real plan for solving the financial mess. Of course they don’t. This is so big, and hit so quickly, despite the warnings for years that it was coming, that no one has a plan to deal with this. Even the best experts only have ideas on how to deal with various parts of it. Anyone who has finished high school…even those that haven’t…knows this thing is huge, and it will take time to solve it properly.

Politicians and the media are so worried about scaring people with the reality that our “I want it now” and “give me more credit” society has brought itself to. Get a grip. The American people need to know the truth. Not platitudes. Maybe it’s been so long since someone in Washington…or wherever (including the media)…has out right told the truth no one remembers how. Maybe it’s time they started.

10/03 Morning Report

It could have been any country that started the financial crisis cascade, as an article at The Economist indicates. Unfortunately for America, it wasn’t another country. The crisis exists in America, and is affecting other countries as the waves of illiquidity spiral out. . The governments of several nations have already stepped in to bail out their banking industry.

Step forward, Peer Steinbrück, Germany’s finance minister, who rashly declared on September 25th that America was “the source…and the focus of the crisis”, before heralding the end of its role as the financial superpower. Within days, the focus shifted and Mr Steinbrück and his officials were obliged to arrange a €35 billion ($51 billion) loan from German banks and the German government to save Hypo Real Estate, the country’s second-biggest property lender.

I talked a couple days ago about how debt obligations are bought, sold, repackaged, and so on. Well, the painful truth is that debt obligations are traded on a global scale. That fact will drive the US government to do a bailout/loan package. It is a foregone reality because of the international realities involved.


Meanwhile, we have the Hot Topics of the elections. Iraq: US combat deaths down 86% from a year ago. Strange we did not hear about that in the Vice-presidential debate, considering how much they talked about Iraq. But, then again, inspite of Tom Brokaw’s statement ON CAMERA that “The Democrats are lucky there is only one Vice-presidential debate,” the NY Times claims the GOP merely survived a test. All things considered equal, I think Sen. Biden did a better job in the closing statements than Gov. Palin. But, over all, the fact that she could go step for step with him is telling of the ability of the McCain/Palin ticket. I suspect that if they can create distance between themselves and the Bush administration, the GOP just might be able to hold the Whitehouse this election.

09/25 Morning Report

Does anyone besides me have some questions for Rep. Barney Frank, D-Mass.? I do. Does he really want family life to be fair game for campaign discussion? Why don’t we discuss his involvement with executives at Fannie mae! Or at least their campaign contributions. Now, admittedly, the romantic involvement ended 10 years ago. But, even in those years, Frank was on the House Banking Committee.

I brought up yesterday, the Clinton years saw the Justice Department forcing banks to make loans to those who did not qualify. Granted, it was part of an effort to end the disgusting practice of “redlining.” But, this pressure definitely expanded the risks and number of sub-prime loans—all in the name of anti-discrimination. Even, Barney Frank got into the act:

In 1991, Frank and former Rep. Joe Kennedy, D-Mass., lobbied for Fannie to soften rules on multi-family home mortgages although those dwellings showed a default rate twice that of single-family homes, according to the Nov. 22, 1991, Boston Globe.

BusinessWeek reported in its Nov. 14, 1994, issue that Fannie Mae called on Frank to exert his influence against a Housing & Urban Development proposal that would force the GSE to focus on minority and low-income buyers and police bias by lenders regardless of their location. Fannie Mae opposed HUD on the issue because it claimed doing so would “ignore the urban middle class.

Meanwhile, the FBI is investigating Freddie Mac, Fannie Mae, AIG and others for possible fraud. Now, fraud for having mislead investors and doctoring the books I could understand, though I think that is more properly the role of the SEC. But, according to the media:

The FBI has been looking at lenders who sold home loans to buyers on low or unpredictable incomes and also the investment banks that packaged these loans and sold them on.

. Forgive me…but…isn’t that what Clinton and Barney Frank were pushing for, along with Ted Kennedy apparently?


Should we be surprised that the Democrats overlook their own part in this drama? Probably not. Republicans have been known to do it, too. But, we the people shouldn’t let either group get away with it. Or allow the media to ignore the facts. While the Democrats are making so much hay about how Bush and the Republicans got us into this mess, maybe they should be looking in their own closets.

(…but…then again…given the bias…I’m not holding my breath waiting for the media to come down on their darling Democrats…)

09/23 Morning Report

Our two Presidential candidates are out and about casting blame for the financial meltdown—and both proclaiming the bailout necessary. No surprise that Obama is blaming Republican policies. McCain blames human greed. I tend to agree with McCain. Let’s face it…all these companies that signed massive contracts with CEOs without requiring performance guarantees is insane. That is not the fault of government. That is simple human greed and stupidity.

But, there was an article Monday over at CNSNews that startled me. The article relies quotes Sheldon Richman, editor of The Freeman and an economist with the Foundation for Economic Education, who believes that government intervention is to blame for our problems. Among other things, Richman said:

…government policy laid the foundation of this crisis more than 30 years ago when Congress passed the Community Reinvestment Act of 1977. This law forced banks to loan money to low-income borrowers as a way to ensure that financial institutions would “meet the credit needs of the local community.”

Under the Clinton administration, federal regulators began using the act to combat “red-lining,” a practice by which banks loaned money to some communities but not to others, based on economic status. “No loan is exempt, no bank is immune,” warned then-Attorney General Janet Reno. “For those who thumb their nose at us, I promise vigorous enforcement.”

The Clinton-Reno threat of “vigorous enforcement” pushed banks to make the now infamous loans that many blame for the current meltdown, Richman said. “Banks, in order to not get in trouble with the regulators, had to make loans to people who shouldn’t have been getting mortgage loans.”

And that is definitely food for thought. That is definitely information you won’t hear shared by the mainstream media, or Barak Obama. And, what you won’t hear either candidate doing is making the same conclusion that Richman reaches:

What this financial crisis really shows, Richman said, is that politicians “don’t know what they’re doing. They don’t understand economics. They think there are no laws of economics, that they can decree whatever they want and that there won’t be consequences.”

(…it’s an interesting article. go read it, and check his claims, too…)

01/08 Morning Report

Iran is playing games in the Gulf, again. I realize that 5 armed speedboats are no match in open waters for 3 navy warships. But, the significance cannot be overlooked. Attention getting is one thing. Deliberately sparking an international incident is something altogether different.

The commander of the Hopper, a guided-missile destroyer, was “very close to giving the order to fire,” said one of the officials, who spoke on the condition of anonymity because he was not authorized to speak for attribution. “We were perilously close to an incident where we would have taken out at least one of the Iranian small boats.”

The were apparently manned or commanded by Revolutionary Guard troops. And, yet, it seems that media darling Mahmoud Ahmadinejad is still above reproach in the MSM.


Another media darling, CAIR, has issued a “media guide”. Many conservative groups seem to think it is little more than a propaganda leaflet full of disinformation. There is even some question as to whether they are picking and choosing who will receive one.

"Now the interesting thing about that was I asked for a copy of that," the journalist continues. "I sent CAIR an e-mail asking for a copy of it, and they haven't even answered my e-mail. I don't think they want anybody to see it who might actually scrutinize it."

Whether the no-response is deliberate or not is open for discussion. But, it does raise interesting questions.


Meanwhile, on to the environment. Presenting: THE $2500 CAR!

“The downside is a car that would most likely fail emission and safety standards on any Western road, and, perhaps, in India in a few years, when the country imposes tougher environmental standards.”

So why bother? Is the UN/Kyoto group willing to allow this, in the name of economic growth? If economic growth is the goal, then why force industrialized nations to stagnate their growth by meeting standards no one else is accountable to?


Blu-Ray! Blu Ray! that’s right. Warner Brothers announced their support of the formatting system, possibly tipping things to that format.

“The battle between HD DVD and Blu-ray has echoes of the rivalry between Betamax and VHS in the 1980s.

The cheaper format, VHS, prevailed while 20 years on it seems as though Blu-ray, the more expensive system, is winning the race. “

So much for market economy rules of price and supply. Better get ready to have to buy more than new TVs.

12/14 Morning Report

Tired of TV reruns? Well, it’s going to get worse. The Writer’s Guild filed a complaint with the NLRB. Nothing new. Lots of groups do this to turn up negotiation pressure. Unfortunately, it will be up to 30 days before an investigator is assigned to the case. With the main issue being streamed or downloaded content, this could take a while. And, to make matters worse, the contracts for directors and actors expire in June.

(…wow…a total shut down of Hollywood!...why does that seem like a good thing?...)


In related news, Democrats lamblasted Bush again. This time, it’s over the appeearance of a hostile Labor Board.

The NLRB "is supposed to protect the voice of American workers, but the board is no longer fulfilling that responsibility," said Sen. Edward Kennedy, a Massachusetts Democrat and ally of the labor movement.

California Democratic Rep. George Miller said, "Workers' rights have been under near-constant assault in the years since the start of the Bush administration."

Republicans countered the hearing was a PR stunt to appease labor unions, who more or less won Dems control of Congress. The NLRB was created to reduce strikes, and foster collective bargaining. Apparently, Democrats think the role is to give unions power over business.

(…my question is when do the rights of business get equal treatment with those of workers?...stay tuned…this is going to get ugly as the election draws closer…)


Meanwhile, in Argentina, possible illegal campaign financing has been labeled as a ”dirty trick by the U.S. President Fernandez even went so far as to say it’s happening because of her gender.

The charges of a clandestine attempt to contribute nearly $800,000 in August put both the Argentine and Venezuelan governments on the defensive as opponents sought to turn the case into a political liability.

(snip)

It's not against Argentine law for foreigners to contribute to a presidential campaign, but it is illegal to do so secretly. It also is illegal to bring undeclared cash into the country.

It doesn’t seem to matter that no one involved is addressing the issues or the charges. The money may have come from Hugo Chavez, it may not. There are players involved from both Venezuela and Argentina. Yet, in typical leftist fashion, the whole thing is being covered with enough mud that no one has had to address the issues.

(…yep…the media seems to be rightly comparing her to Hillary…)