Democrats Insisted Fannie and Freddie Were Juuust Fine…

-By warner Todd Huston

The Wall Street Journal has an important op ed that every American should read. It is simply a reiteration of quotes from high ranking, Congressional Democrats who swore to us that there wasn’t a thing wrong with Fannie Mae and Freddie Mac. They made these claims because the faulty rules they were pushing were little else but sweet heart deals for the special interests, lobbyists and NGOs that donated huge cash to their campaign coffers. This was graft, pure and simple, and, to use a favorite Democrat expression, those chickens are coming home to roost.

Aside from the WSJ, the rest of the media have seriously neglected the truth in this case. This economic mess can be laid squarely at the feet of the Democratic Party.
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What They Said About Fan and Fred

House Financial Services Committee hearing, Sept. 10, 2003:

Rep. Barney Frank (D., Mass.): I worry, frankly, that there’s a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. . . .

Secretary Martinez, if it ain’t broke, why do you want to fix it? Have the GSEs [government-sponsored enterprises] ever missed their housing goals?
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House Financial Services Committee hearing, Sept. 25, 2003:

Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . Continue reading “Democrats Insisted Fannie and Freddie Were Juuust Fine…”

Let’s Blame Barney Frank, Chris Dodd & Bill Clinton

-By Frank Salvato

Now I know how Elvis Presley felt when he shot his television! Watching Barney Frank (D-MA) and Chris Dodd (D-CT) pontificate about how they are going to save the country in it’s time of financial crisis made me nauseous. How is it that these two charlatans can fain concern when they are among the principles responsible for getting the taxpayers into this mess?

By now even the most intellectually stunted among us understands that the first casualty of politics is honesty. No matter how superficial or how serious the matter, inside the beltway spin doctors take the facts, carve out anything that points to their client’s guilt or responsibility in any given matter and then figure out how to package it so they can level a charge of irresponsibility and ineptness at their opponents or opposing colleagues. Kool-Aid drinking political sycophants glom on to these talking points and suddenly the innocent are the guilty and the inept and responsible are pointing fingers of blame.
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Obama Gets His Own Wedding Anniversary Wrong

-By Warner Todd Huston

So, The One was in front of his subjects of the Black Congressional Caucus in D.C. and was wowing them with the mellifluous tones of his oratory and there stood the little missus. There was that mean Mama all a flutter over her man — you know, the one that made her proud of America for the very first time? — and the messiah deigned to notice her across the room.

The One thought to bring her before the enraptured crowd and let everyone know that the Dear Leader was having his 15th Anniversary with Michelle the Angry. “She just about has me trained. Almost. I still do stupid things she tells me sometimes,” he jests.

What a wonderful day. A 15th wedding anniversary… well, maybe Barack is a bit late with that celebration? You see, he is supposed to be celebrating his 16th wedding anniversary, not his 15th. From October of 1992 to October 2008 is 16 for most of us.

Oh, these things happen. Especially to men, let’s face it. Many, many men throughout time have forgotten little details like, Valentine’s Day, anniversaries, birthdays… men sometimes don’t have a mind for these dates so important to women. So, to be fair, we cannot do much else but chuckle at this little slip.

But, here is the thing. If John McCain had made such a glaring error the Old Media would be crucifying him over it. He and his wife would be the butt of jokes on every late-might TV talk show, would be portrayed as a doddering, senile old fool by every barely listened to PACIFICA or Air America host, and would be the hottest topic of ridicule from all the partisan pseudo-analysts in every medium from pulp to electronics.

And guess what?

Obama is getting a pass.

It’s hard for the media to even see daylight anymore they are so in the tank.

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How The Democrats Love Their Corporate Welfare Policy

-By Warner Todd Huston

What is it we hear echoing in the left-o-sphere? Don’t we hear all the time that the left is chock-full-o-nuts on how those eeeevil capitalists are so in love with what they call “corporate welfare”? Aren’t the nutrooters always railing about how the right is so in bed with business, giving them oh so many tax breaks? Of course, the left loves their corporate welfare, too. So much so that they’ve gone back to slipping it into play even when it was defeated not only by the right, but deplored and castigated by the left’s pals in Europe and the international community.

I am talking, of course, about the infamous (and infamy is the proper word) Byrd Amendment. This little bit of poison was repealed by Congress in 2005, but the decrepit Byrd and his shifty friends snuck it back into law by camouflaging it in a recent spending bill. So now it’s back as law even though many countries in the world are upset about it, even though it harmed our trading reputation the last time this dose of hemlock was forced on our trading partners world wide, even though all it really ends up being is corporate welfare.

So, what is it? It’s a nasty piece of protectionist policy — the Continued Dumping and Subsidy Offset Act — that makes it quite lucrative for American businesses to claim that they are put at an unfair advantage by foreign products. How it works is a U.S. company will file paperwork with the federal government claiming that they are being harmed by unfair business practices from a foreign product. The government then slaps a high, punitive tariff on that foreign product and pays the American business the amount of the increased tariff. That’s it. The business doesn’t have to prove anything. There is no inspection agency, accounting agency or compliance agency to check the claims. They just get paid.

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Obama Campaign Stifles Free Speech At University Rally

-By Warner Todd Huston

The candidate of change, the shining proponent of a “new way” in national politics, says that you aren’t allowed to bring a sign to his rally. So much for the right of free political speech. To add insult to injury, this rally was held at the publicly funded University of Mary Washington in Fredericksburg, Virginia. So, now the government is lending the weight of its authority to squelch free speech. So, where is the hue and cry about this unAmerican activity? Did the media even note this heavy-handed policy?

But, it is all true nonetheless. The rally was held and weak-spined school officials bent over and meekly accepted the rules derived from the fascistic penchant of the Obama campaign with its anti-first amendment proclivities. Some few small voices questioned this oppression of American rights, but for the most part no one seems to have noticed that Virginians had their Constitutional rights quashed that day. Shockingly, some even thought it was a good idea.

The Obama campaign, falling back on the oldest dodge in the book, claimed that campaign signs were not allowed because of “security concerns.” Who can doubt, though, that it was instead because of “camera concerns”? The Obama campaign was far more interested in photo ops clear of McCain signs or other unwanted reminders that there are other opinions out there among the unwashed masses than that of sycophancy for The One.

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Here’s Some Gall: Democrats Want to Tax Wall Street

-By Warner Todd Huston

These scumbags really have gall, ya know? First we have Democrats from the Carter administration all the way up to those serving with the Obama campaign being key players in the mess that became our current economic hell and NOW they want businesses to pay for the mistakes Democrats made. Democrats have come up with the brilliant idea of taxing Wall Street to “pay back” the treasury for the bailout.

Reuters is reporting that Democratic Speaker of the House Nancy Pelosi is claiming that she wants to drag down Wall Street even further by levying confiscatory taxes on investors and investment firms if the treasury isn’t paid back in 5 years time.

“If after five years … the CBO decides that the American taxpayer has lost money in this, then there would be a fee on financial institutions,” Pelosi said, adding that she hoped the provision could be part of a final bailout deal.

So, the Democrats are responsible for causing this mess and they want someone ELSE to pay the bill? Democrats have the gall to pretend this is everyone else’s fault!

It figures. Continue reading “Here’s Some Gall: Democrats Want to Tax Wall Street”

Dems Bailout Proposal Redirects ‘Paulson’s Profits’ To Left-Wing Groups

-By Warner Todd Huston

Bush told the country that we are in an economic crisis and his Treasury Secretary, Henry Paulson, came up with an idea that would, it is claimed, end up actually making money for the U.S. Treasury in the long run. That’s all well and good, but the Democrats already have a plan to siphon off any repayment of the people’s money back to the treasury by adding one little line to the agreement that would end up stealing money from any repayments and giving it to left-wing political advocacy groups like ACORN, the National Urban League and the Hispanic group La Raza. Instead of trying to help the economy, the Democrats just want more money for their left-wing political constituents. It’s business as usual for the Democrats, of course, but a bigger question is will the media let them get away with it?

On Thursday, the Senate Democrats shopped around a one page “Agreement in Principle” from the U.S. Senate Banking Committee that laid out their proposal for the bailout of the economy. At first it all seems rather straight forward, but hidden inside this document is one little line that proves that Democrats aren’t as interested in the economy as they are in trying to extort a payday for their favorite political advocacy groups. Yes, even in a bill as important as the bailout the Democrats are trying to stuff it with pork!

Of course, the claim that this bailout will make money is not cut and dried. But the idea is that the bailout will put the Treasury Department in ownership of what could easily later become lucrative investments. And, at that later date, the Treasury Dept. can then begin to sell these investments off at a profit and, thence, pay back the Treasury for the bailout — in essence repaying the American people. But, the Democrats already have a plan to spend “profits” that not only do not exist yet, but may never exist. In the “Agreement in Principle” is the following line:

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Voters See Media’s Prez Debate Moderators as Biased for Barack

-By Warner Todd Huston

Once again Rasmussen Reports presents evidence that more and more Americans are coming to the realization that the media is biased to the left. This time Rasmussen’s polling results shows that more Americans than ever think the folks chosen from amongst the Old Media to moderate the upcoming presidential debates are biased in favor of Barack Obama.

Earlier in the month, Rasmussen found that 50% of their respondents feel that the media is trying to help Obama get elected while only 11% felt the media was trying to help McCain win. This time Rasmussen finds that 56% feel that the debate moderators are biased in their questioning, though veteran TV newsman Jim Lehrer (PBS) gets better personal numbers with 43% saying he’ll be neutral as a moderator.

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FL Paper Quotes White Woman as Racist Against Obama, SHE Says She Never Mentioned Obama

-By Warner Todd Huston

A 60-year-old white woman from Spring Hill, Florida is quoted as saying that there is no chance a black man can win the White House. This same woman, Sandra Cichon, is quoted in a total of three St. Petersburg Times stories, the latest being from September 15. But in a follow up interview, Barbara Sowell of digitaljournal.com finds that Cichon claims she was never called by a pollster, as the paper claims, and never told any reporter that she wouldn’t vote for a black man.

So who is right? Did the St. Petersburg Times merely make up racist quotes out of whole cloth and put words in the mouth of this woman or is she suddenly trying to take back what she said by claiming not to have been interviewed about Obama? Here’s the story and you can decide.

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Dems Threaten Anti-Iran Rally Organizers With IRS Attack if They Let Palin Speak

-By Warner Todd Huston

News has emerged that the organizers of that anti-Iran rally that famously got snarled up in Senator Hillary Clinton’s ire at Governor Sarah Palin last week were threatened by New York Democrats with IRS action against their tax-exempt status if they allowed Palin to speak. CBS local NY news reported this little fact and so did NBC but most of the national news has ignored this outrageous threat to use the IRS to silence Governor Palin.

Accusing New York Democrats of using “McCarthyism” to shut Palin down, Democrat Assemblyman Dov Hikind was flabbergasted by the behind the scenes threats against the rally organizers. “It’s an absolute shame that this has happened,” CBS quoted Hikind as saying. “To threaten organizations … to threaten the Conference of Presidents that if you don’t withdraw the invitation to Gov. Palin we’re going to look into your tax exempt status … that’s McCarthyism.”

The charge was that inviting only Palin and not also Democrat VP candidate Joe Biden is somehow a violation of “equal representation of candidates” (As NBC claimed in its report). But, this is not a certainty. After all, the appearance wasn’t a campaign stop nor was it a venue to advertise Palin or engage in presidential politics. Besides, as HotAir notes, of the political speakers that were invited to speak last year, few were Republicans.

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Hitting Obama for ‘Whopper’ and ‘False’ Statements on Soc. Sec.

-By Warner Todd Huston

I have been known, of course, to dedicate many of my articles to exposing liberal bias in the press. But, once in a while the liberal press gets something right and this is one of those cases. On Spetember 20, Newsweek hosted an article by FactCheck.org that exposed the outright lies contained in the claims Barack Obama made against John McCain’s record on Social Security in order to scare as many elder citizens as he can. Obama may have expected every Old Media outlet out there to cover for him, but Newsweek didn’t oblige this time. So, I thought I’d highlight this piece and give Newsweek the thumbs up for hosting the FactCheck.org article.

Over the weekend, Barack Obama appeared in the battleground state of Florida and made to scare citizens over McCain’s votes on Social Security. Obama claimed that McCain voted for a plan that would have seen the Social Security benefits of “elderly women” at risk in the stock market during the recent wildly fluctuating market. Telling his audience, “if my opponent had his way, the millions of Floridians who rely on it would’ve had their Social Security tied up in the stock market this week,” Obama tried to claim that the elderly would have lost their money because of John McCain. FactCheck.org called these claims “not true.”

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Media Not Reporting Failed Financial Agencies Are Big Donors to Obama

-By Warner Todd Huston

A 2005 Video of Fannie Mae CEO Shown Affirming his Connection to Congressional Black Caucus and Barack Obama, Where is the Media?

In a 2005 video Daniel Mudd, at the time the interim CEO of the catastrophically failed mortgage lender Fannie Mae, affirmed his fealty and that of Fannie Mae to the Congressional Black Caucus. The top three campaign donation recipients were Democrats, number two of which was Barack Obama, yet the media is laying mum on these facts. One wonders what would be going on in the media if John McCain were a top recipient of campaign donations from a market crashing, government bail-out getting organization like Fannie Mae?

The three top campaign donation recipients from Fannie Mae were all Democrats. Chairman of the Senate Banking Committee Senator Chris Dodd (D-CT) got $165,000, Senator Barack Obama (D-IL) was given $126,349, and failed presidential candidate Senator John Kerry (D-MA) took $111,000 from the folks at Fannie Mae. Is this information getting out there?

Most of the top Fannie executives were also Democrats each of whom worked closely with Democratic presidents and Barack Obama. Franklin Raines, Clinton White House budget director, ran Fannie Mae and pocketed $50 million. Jamie Gorelick was a Clinton Justice Department Official (famous for adding to our intelligence failures helping cause the attacks on 9/11) was paid $26 million. Jim Johnson, who most recently served on Obama’s VP search committee, was the CEO of Fannie Mae and has also made millions. These Clinton/Obama associates sat at the head of a failing financial agency all the while raking in millions and donating hundreds of thousands to top Democrats.

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Why Is Media Allowing Joe Biden to Lie About Drunk Driver Killing His First Wife?

-By Warner Todd Huston

Along with the claim that Joe Biden had a “blue-collar” upbringing — he had a decidedly upper class (though not “rich”) childhood — Joe Biden has for years claimed that his first wife and his daughter were killed by a “drunk driver” in 1972. However, closer examination of the records proves that the man driving the truck that slammed into the Biden family car was never charged with drunken driving. So, why has the media allowed this perception that Biden lost his wife to a drunk driver to persist?

As late as 2007 Biden said that the man who was involved in the fatal crash that killed his wife and daughter was a “guy who allegedly … drank his lunch” before he got behind the wheel of his truck and in 2001 the TV show Inside Edition aired a tape of Biden saying the truck driver “stopped to drink instead of drive.” Additionally, several media outlets have included the drunk driver claim in their bios of the Senator from Delaware.

This drunk driving accusation, though, is simply a Biden creation and every time this claim is uttered it pains the family of the poor, maligned man involved in the tragic accident with Biden’s family, truck driver Curtis C. Dunn. Gannett owned DelewareOnline reports the anguish that Biden’s continued lie causes the man’s family every time it is uttered.

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Obama’s Anti-Intellectual Zombies Chicago Attack Radio Host

-By Warner Todd Huston

A few weeks ago we wrote about the undue and disingenuous attack led by Barack Obama’s Chicago HQ perpetrated against Chicago radio host Dr. Milt Rosenberg. Well, last week they did it again, raising their legions to attack the host and his radio station (WGN) and trying to have the unassuming radio host thrown off the air. And what was his “crime”? Rosenberg had the gall to actually interview two conservative writers who were investigating the life and history of the Obamessiah.

I live in Chicago and have listened to Milt Rosenberg many times. His show is one of the most intelligent radio shows in the country, filled with high concepts and serious guests. I also heard both radio shows being protested by Obama’s radio brownshirts and there wasn’t a thing wrong with either of the shows. On the first, conservative writer Stanley Kurtz was invited on to speak about his investigation into the ties Obama has with American domestic terrorist William Ayers. In this case, Rosenberg offered airtime to the Obama campaign and it refused the offer. With the second program, Rosenberg had on David Freddoso, author of the recent New York Times best selling book “The Case Against barack Obama.” In the later case, Rosenberg even had a lefty Obama apologist on air with Fredoso, there to counter his every anti-Obama comment.

Yet, the Obama campaign still tried to destroy Milt Rosenberg’s career by mounting an email attack campaign as well as urging calls to the station.
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Obama Tells Supporters to Confront Unbelievers, ‘Get in Their Face’ He Says

-By Warner Todd Huston

Well, so much for the kinder, gentler Obamessiah we all kept hearing about. Now he is telling his supporters to belligerently impose their views on anyone not falling under The One’s spell.

In a Nevada campaign stop as he was on his way to the adulation that Hollyweird was to bestow upon him later that night, Obama told his supporters to “get in the face” of people who doubt his word from on high.

“I need you to go out and talk to your friends and talk to your neighbors. I want you to talk to them whether they are independent or whether they are Republican. I want you to argue with them and get in their face.”

Wow. That is pretty aggressive and mean, isn’t it? Obama just told his automatons to almost physically attack people who don’t agree with him. After all, that’s what “get in their face” means. It is a loud, petulant action, a forceful, aggressive tactic. It is usually done by one who is overly emotional, filled with hate, pushy, and unhinged.

Screaming gay activists, anti-war outcasts, and half sentient loons engage in this sort of behavior. Is this the new “face” of the Obama campaign? Is this that “new tone” we keep hearing about?

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Handlers Muzzle Barack? Suddenly Using Teleprompter On Campaign Trail?

-By Warner Todd Huston

The campaign handlers for Barack Obama have obviously decided that there will be no more failed jokes ala Kerry’s “stupid kids get stuck in Iraq” faux pas of the 2006 campaign. Barack apparently blew his chance for ostensible extemporaneous elocution after his failed “lip stick on a pig” joke went over like a lead balloon last week. According to CNN, Obama is suddenly speaking from a teleprompter at outdoor campaign rallies.

One can just imagine how McCain would be eviscerated by the press if he had to start using a teleprompter at the average campaign stop. What sort of “senility” jokes would the press be filled with at that point? One can just guess that this news will be greeted with a yawn even though it seems to be a pretty strong curtailment of Obama’s freedom to speak extemporaneously on the stump.

Certainly it is nothing odd to see a candidate of any stripe delivering a set piece speech from the device, but to have one at outdoor rallies and average campaign stops, well, that is quite unusual.

But the Illinois senator used a teleprompter at both his Colorado events Monday — making for a particularly peculiar scene in Pueblo, where the prompter was set up in the middle of what is normally a rodeo ring.

Obviously Obama’s famous stammer, his uncontrollable ums and ahs on top of his inauspicious “lip stick on a pig” comment has caused the campaign to reign in their inarticulate (once on his own and off the prompter) candidate.

I wonder if the media, though, will see this as the curb on Obama that it truly is? And placed there by his own campaign bosses, at that. This seems a pretty loud statement that his own people cannot trust him.

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Will Obama Continue to Miss the Target?

-By Warner Todd Huston

Chris Cillizza of the Washington Post reported on a conference call held by the Obama campaign on Friday. The intent was to roll out the latest attempt by the Obama campaign to say that they were going to “retake the offensive” in this campaign. Cillizza wondered if Obama’s “aggressive new tone” will work?

There is no doubt among politics watchers that the McCain campaign has led repeated news cycles and the campaign narrative has been under his control since just before the Republican National Convention. And the announcement of Governor Sarah Palin as the VP nominee has had the full attention of every politico in the country. McCain is driving the news and the debate. It’s just that simple.

Cillizza reports on the Obama campaign’s various “new” strategies all intended to assuage the ire in Democratic circles that Obama is “letting the race slip away.” But, one thing in particular in the Cilllizza piece drew my attention.

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Obama’s Terrorist Friend a VERY Close Associate

-By Warner Todd Huston

When Obama’s connection to American terrorist William Ayers was first brought up to him for an explanation, he tried to claim that Ayers was just another neighborhood guy, a “mainstream” American, but that he, Obama, didn’t really have much to do with him.

But, since then we have seen that Obama has had intimate and important connections with William Ayers through the Chicago Annenberg Challenge and other initiatives and organizations.

As it occurs, Obama’s claim that he and the terrorist Ayers are not close is simply an outright lie.

Barack Obama is an intimate associate of American terrorist William Ayers as well as many other America hating activists. How have we gotten to a point in American history when a presidential candidate can have a close association with a person who has been responsible for bombing the U.S. Capitol and was part of an outlaw organization that is responsible for murdering American policemen?

Obama has surrounded himself with people that hate this country. Yet Democrats welcome him with open arms? What does that say about Democrats?

And what does it say about the American media when it so thoroughly attempts to cover up or diminish this connection?

The Barack Obama Campaign Store Rip Off — Poor Need Not Buy

-By Warner Todd Huston

He cares about the little guy, Barack Obama does. He’s for all sorts of wondrous new programs and handouts for the benighted poor in this country. He’s like Moses leading them to the Promised Land, isn’t he? Well, if he is, apparently he doesn’t expect the poor to be wearing any Barack Obama gear as they dance off into the sunset with the Pied Messiah marching before them playing his mesmerizing tune of hopenchange.

OK, enough metaphor mixing, let’s get down to brass tacks. Barack Obama is ripping off the public with his Internet Obama gear store on his campaign website theONE.com (well, OK it’s really www.barackobama.com/, but who’s really taking notes here?) His gear is so over priced that a regular guy might find it a bit daunting to deck himself out in messiahgear for the upcoming coronation… sham… er, I mean “elections.”

Let’s just take the most common Barack-a-brac that the average gungho Obamaton might want to wear to show his sycophancy… dang, er, I mean support… for the Obamessiah. Let’s consider that a commoner that stumbles onto the messiah’s webstore would want to buy a hat, T-Shirt (union made of course) and a campaign button. After all, that’s the bare minimum that a supporter could buy, right? The coolers, underwear, and S&M collars will have to come later, I’m sure. First the basics.

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Obama Failed With Earmark Attempt, Yet Attacks Others For Taking Earmarks?

-By Warner Todd Huston

This is the pot calling the kettle for sure. Earlier this week, Obama made an early attempt to attack Governor Sarah Palin on the earmark issue. He claimed that Palin is responsible for taking many earmarked funds for her state as she sat in the Governor’s office in Juneau and that her attack on him for earmarks is, therefore, illegitimate.

“I know the governor of Alaska has been, you know, saying she is change and that is great. She is a skillful politician. But when you been taking all these earmarks when it is convenient and then suddenly you are the champion anti-earmark person. That is not change, come on. I mean, words mean something. You can’t just make stuff up. You can’t just make stuff up. We have a choice to make and the choice is clear.”

But, this return fire on Palin’s ridiculing of Obama for his many earmarks is not very effective. While Obama is pointing fingers at Palin, news came out this week that Senator Obama had unsuccessfully tried several times to get multi-million dollar earmarks for one of his biggest Chicago contributors. So, his attack on Palin seems more like smokescreen than cruise missile.

Obama twice attempted to direct more than $3 million dollars in taxpayer funds to the Adler Planitarium Museum in Chicago. It just so happens that the Adler’s chairman is one of Barack’s biggest Chicago fundraisers.
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