Archive for the 'economy' category

The ACORN Did Not Fall Far From the Tree

Senator Barack Obama, the uber-community organizer and Oak Tree of the radical left, is dropping little ACORNs all over the place. Yet, his campaign remains poised to best Senator John McCain in some critical states. Once unheard of, Howard Kurtz reports this morning that North Carolina, Ohio, Florida and even Virginia are tilting Obama’s way.

With the economy in crisis, McCain and Republicans are facing an uphill challenge. Character still counts - but folks will vote in what they believe is their own self-interest. Generic Dems almost always are seen as better on the economy - because the Left has been so successful in convincing average folks that Government will save you - from problems bad governance CAUSED. Talk about cognitive dissonance.

Obama continues to tell us how being a Community Organizer transformed his life. The main stream press can focus only on the negative story of the day, never mind their ethical responsibility to cover ALL the issues facing us. From Pennsylvania, Connecticut, Florida, and many other states according to The Washington Times.

The FBI has raided ACORN offices in Nevada. Investigations in Wisconsin, North Carolina, New Mexico, Michigan, Ohio and Missouri are underway. Many of Obama’s fellow “community organizers” are emerging, like Tony Rezko before them, as very shady characters indeed.

Look, I believe voter registration is critical. The more the merrier. But… we should want REAL voters. Not lies, false registrations, and strong-arm Chicago style politicking to benefit one guy. Elections are about all Americans, coming together to do what we believe is in the best interests of our nation. I want Obama and McCain supporters to both be fired up. But Obama’s supporters fervor for their man has led to a massive breakdown in ethics. Ethics, character, integrity matter far more than any promise of magic solutions from the government.

Fair or not, you are judged by the country you keep. And so shall Obama and McCain be.

—Media Lizzy

The State Of The Race

McCain is losing, and Obama is pulling away. Is that concise enough for you?

Oh, you want to know why, do you? Okay, let me lay it on you.

The Republican nominee was always going to be a huge underdog in this cycle because every historical factor is working against the GOP. We’re at the end of a two-term Republican administration that has become vastly unpopular due to the retiring president’s public relations obtuseness and indifference; a twelve-year run of GOP control of Congress ended only two years ago; the success of our war efforts against al Qaeda in Iraq and elsewhere combined with the absence of any 9/11 sequels has muted the natural GOP advantage on foreign policy and national security. Throw in the fact that that Republican nominee was going to have a much more difficult time holding and motivating his party’s base supporters, and you had the fixin’s for a Donk landslide, no matter who the other party put up.

However, John McCain and his campaign braintrust proved themselves to be shrewder than I ever gave them credit for. Between Independence Day and mid-September, they undertook two crucial steps that not only closed the gap between Darth Queeg and B.O, but actually lifted him into a small lead.

First, by employing light-hearted ridicule of Obama’s ego and hyped “messiah” image (the “celebrity” angle, the Britney Speares and Paris Hilton spots, etc.), they were able to define The One as precisely what he is: an empty suit whose self-opinion is at stark contrast with his modest intellect and meager experience. Barry’s thin-skinned reactions, to say nothing of his seemingly endless parade of gaffes, only fueled that dynamic.

Second, he simultaneously thrilled the GOP base and made a play for disgruntled Hillarynistas by selecting Alaska Governor Sarah Palin as his vice presidential running mate. In one fell swoop he locked up and motivated grassroots conservatives (at least vicariously) and further bolstered his appeal to independents by partnering with a fellow “maverick” reformer who also brought to the ticket genuine conservatism and all the charisma and political talent he lacks. A fact that I speculated might make for, shall we say, a lopsided ticket that would throw the man at the top into the deep shade.

Apparently that thought occurred to Team Sith as well, for after the wildly successful launch of Palinmania at the GOP convention, the McCainiacs all but put Governor Palin in solitary confinement with the exception of their two Enemy Media indulgences at the hands of Charlie Gibson and Katie Couric. A mode of “communication” guaranteed to deny ‘cuda her ability to follow the Reagan template and talk past the EM directly to the American people. Tellingly, she was completely absent from mainstream media appearances on local and national talk radio programs. No Limbaugh, no Hannity, no Hewitt, no Ingraham, no Medved, no Levin, no Prager, no nothing. Sarah might as well have been on the sides of milk cartons across the country, while the EM was systematically “Quayleizing” her functionally unopposed.

Some unnamed individual supposedly told Bill Kristol that McCain was “unhappy with his staff’s handling of Palin”. What does it say about Maverick that it takes him a full month, in the latter half of which his poll numbers have cratered, to figure out that his best political asset has been not just holstered, but practically bound and gagged? And isn’t it a far more plausible explanation that it was Sailor that did this to Governor Palin because the only reason he picked her was as a sop, a bone, a token to satiate the knuckle-dragging Neanderthal evangelicals he can’t stand but hasn’t a prayer of winning without? Oh, yes, and because she has a second X chromosome?

Look what happened when Sarah was released from the proverbial cone of silence. First Hewitt, then Hannity, and suddenly Palinmania was back. Or, on the other hand, maybe the calculation was that they had to bring her out of mothballs for the veep debate with Joe Biden anyway, and the grumbling on the right about Sailor’s disinclination to “fight” was growing, so like another diamond to Ron White’s spouse, a fresh dose of the ‘cuda would “shut ‘em up”.

Still, McCain was slightly ahead up until three weeks ago. And we all know what financial hypercane hit the country three weeks ago, don’t we? A Wall Street Meltdown that the Arizonan never got out in front of, never defined truthfully before the Dems could smear culpability on Bush, the GOP, conservative free market economics, and therefore McCain. He compounded that folly by absurdly gambling his “reformer/bipartisanist/I can get things done” reputation on the fool’s errand of suspending his campaign to return to Washington to put together a bailout/”rescue” deal on which the Democrats were holding all the cards. They easily ambushed and humiliated him on his “White House summit” idea, then double-crossed the compromise he helped put together a week ago. Now not only do the American people blame McCain and his party for the Democrats’ destruction of the financial sector, but the very core justification of his candidacy has been disemboweled.

And STILL he won’t engage on the origins of the subprime collapse. In God’s Name, WHY?, you ask? Apparently, because placing the blame for this mess where it belongs would be “too partisan“:

Picture the ad:

Barney Frank: “I want to roll the dice a little bit more in this situation towards subsidized housing.”

Announcer: He rolled the dice, and lost. And now you’re paying the bill.

Instead, these are the ads he’s running:

“What a week,” McCain says into the camera. “Democrats blamed Republicans. Republicans blamed Democrats. We’re the United States of America. It shouldn’t take a crisis to pull us together.”

It is tough to win an election, where the public is asked to choose between two parties, on a theme of “bipartisanship.” “My side is no better than theirs” really isn’t a winning rallying cry one month before an election.

And even if it wouldn’t be too partisan, it would be, you know, really hard to explain:

Americans are furious over the financial mess, and eager to blame somebody. The McCain campaign would be doing the nation a service by spelling out exactly whose bad decisions helped get us into this mess and how.

The excuses given by an unnamed source to U.S. News and World Report will not fly, and Spruiell’s objections are spot-on. I might even be harsher - does McCain want to be president and lead on all issues, or does he just want to handle the easily-explained issues? If John McCain doesn’t feel that the Democrats’ refusal to confront mismanagement of government-backed institutions that gambled and lost, requiring a massive infusion of taxpayer dollars, is worth making an argument about, then you might as well let Obama have the presidency. [emphases added]

Gosh, I could have sworn that’s pretty much what the Sith Master is already doing. Almost as if he’d rather run “an honorable [i.e. weak] campaign” and lose than do whatever it takes to win and save his country from a man who would systematically destroy it. Either that or he’s deliberately taking a dive.

Sorry if this is depressing you - think of it as misery loving company. If you want a bucking-up, you can always surf on over to Captain Optimist for a feeling-of-doom-ectomy. He says that the parallel to this campaign is 1976, only with the opposite result. Why….?:

Because the country cannot afford the greatest gamble in its modern history at this moment in time.

A confrontation with Iran looms and instability in Pakistan grows. The Islamist threat has been beaten back in Iraq, but continues to nurse its fanatical hatreds in many other places, from Waziristan to London. Israel is ringed not with an enemy that wants a state but by two enemies that want Israel to be destroyed.

The world’s financial system is teetering, and the estrangement between the American people and their government has never been this deep in modern times.

The cost of energy has soared and will continue to climb. The entitlement trap has only grown worse in the three years since George Bush asked the Democrats to work with him on Social Security and they said no. The corrupt, self-dealing culture of the Beltway has poisoned the decision-making of many bureaucracies and in ways only the burdened know, and the credibility of the big media is shattered even as their audiences shrink and many of their news rooms come close to shuttering.

So, despite the rapture of college students and the registration of the homeless in Ohio, the common sense of Americans will override curiosity about Barack Obama and infatuation with his celebrity, and trust John McCain to pilot the country for the next four years.

Do you recognize the mentality put on display by Double-H here? I do; it’s the same one I had in 1992, and again in 1996. It’s a not-too-distant cousin to the incredulity of the Democrat woman after the 1972 Nixon landslide who lamented, “How could Tricky Dick have won again? Nobody I know voted for him.” It is a myopic focus on one’s own superlatively informed view of the race and the candidates and an accompanying blindness to any recognition that most other voters are either (1) not nearly as informed and/or (2) don’t care in any case. I remember the same things being said about Clinton in ‘92 as Obama now - “He’s the most radically left-wing major party candidate in history; he’s a draft-dodger; he and his wife had radical associations in their past; the common sense of Americans won’t let them REALLY roll the dice on electing this guy….” etc. And yet, they did - twice.

The difference between 1992, or even 1976, and now is, of course, the economic precipice on which the nation is teeteringly perched. A full blast of Obamanomics (higher taxes, bigger government, tighter money, and neoprotectionism) now will take a recession of undetermined strength and length and turn it into a second Great Depression.

But what is McCain still talking about? Earmarks and “Wall Street greed.” And Obama?:

Taking a jab at the deregulation that the market has undergone during the previous eight years, Obama said that, “They wanted to let the market run free, but instead they let it run wild.”

Bullbleep. It was Dems who wrote regulations requiring mortgage lenders to make ruinously risky loans or face equally ruinous federal fines and penalties, fed those loans into Fannie and Freddie and got rich off the resulting real estate bubble, and all the while RESISTED repeated efforts by McCain and the Bush Administration to rein it in with increased regulatory oversight before it could burst.

But most Americans don’t know this is bullbleep, because Darth Queeg isn’t telling them. And like it or not, he’s the only one that can - if, indeed, even he hasn’t already lost the credibility to do so.

Oh, I suppose the “taking another look” factor could kick in over the remaining month of the campaign. Gerald Ford made up all but one point of a thirty-three point deficit in 1976; Bush41, down by over twenty-five points to Mr. Bill after the ‘92 Donk convention, actually caught Clinton by the Friday before Election Day, only to be dirty-tricked out of one of the greatest comebacks in American political history by the frivilous Iran-Contra re-indictment of Caspar Weinberger, which was thrown out just two weeks later. Even Bob Dole cut his eighteen-point 1996 deficit to Sick Willie in half in the final three weeks of that sad, doomed effort. By contrast, Lord Queeg’s deficit is “only” in the mid to high single digits. And we already have evidence from the summer of how brittle and glass a jaw the Chicago Cherubim sports. I simply question whether Maverick has that kind of gumption in him.

Am I calling the man who survived seven years at the Hanoi Hilton a coward? Not as such; in Nam Lieutenant Commander McCain had to endure unimaginable suffering; over the next four weeks would-be President McCain has to politically inflict it, with skill and ruthlessness. He’s got to be the very thing he most rails against: a hyperpartisan. He’s got to “take off the gloves,” which is to say, stop being “civil” and “comitous” and sock Barry in the balls as many times as he possibly can.

As I say, I don’t think he has that in him. Nor the skill, judging by the fact that Team Sith quit Michigan without bothering to inform the ticket’s vice presidential nominee, who had to find out about it during a Fox News interview and clearly did not agree with the decision. That, gentlebeings, is the stink of a campaign in disarray such that one almost doesn’t need to check the Electoral College map and behold that they’ve fallen behind in seven “red” states over the past three weeks and the “purple” ones have all fallen out of reach.

Can McCain-Palin turn this around? Theoretically. Some Jesuslanders must think it doable, because there are suggestions. But that’ll keep until tomorrow when the bailed-out Dow soars back over eleven thousand - right?

[cross-posted at ]

The Perfect Political Crime?

Democrats destroy the financial sector and Republicans take the blame - Is the Wall Street Meltdown the perfect political crime?

One thing remains secure - nobody, but nobody….

….will make a patsy out of him.

Listen Live

Saturdays, 1PM Eastern/10AM Pacific

and/or

Sundays, 6PM Eastern/3PM Pacific

Loopholes & Loopheads

The not-quite-in-the-grave-yet Robert Novak does his part today to try and deflect the onrushing Obamanation express by picking up one of the avalanche of golden opportunities John McCain is ignoring:

How would Barack Obama pay for the $800 billion that John McCain claimed in the first presidential debate September 26 in Oxford, Mississippi, that his Democratic opponent would spend if he were elected president? Obama replied, by “closing tax loopholes.”

Obama was no more specific in the debate, and tax experts doubt that structural changes without increasing taxes can raise anything close to that amount of money. …

Obama has made clear that he would try to roll back President Bush’s tax cuts, but that does not come under the definition of a “loophole.” A loophole consists of a conniving tax attorney discovering a weakness in the Internal Revenue Code or such a weakness intentionally legislated by Congress under the instigation of crafty lobbyists. The only specific tax legislation contained in Obama’s paper would raise the capital gains rate for most shareholders, restore taxation on dividend income to pre-Bush standards and restore the full estate tax.

In other words, B.O. is going to raise EVERY tax that EVERY taxpayer pays through the roof to try and pay for the mammoth gusher of domestic spending he pretends he’s going to “defer” in light of the Wall Street “rescue plan” but will tack on after the election. Or, in still other words, he’s going to confiscate more and more of less and less and borrow the rest - in order to “put our economy back on track”!

Yet in the first debate he claimed he’s going to “cut taxes for 95% of Americans” (by stealing it from Big Oil, thus driving energy prices, and therefore ALL prices, still higher, more than offsetting another blizzard of token “rebate” checks) and “close loopholes”.

Ensign Ed thinks Obama doesn’t know a “loophole” from his bunghole. I think he was just tapping the same meaningless rhetorical well that produced the “cutting waste and fraud (and….earmarks)” cliche that Big Government types use when they want to put themselves over as “fiscal conservatives”. And, of course, McCain let him get away with it.

Sailor could have put a nuclear torpedo right in Barry’s amidships with a single line:

“Senator Obama talks about closing tax loopholes yielding hundreds of billions of dollars of additional tax revenues. Does that come from the same line of thinking that prompted him to claim that proper tire inflation on the cars of millions of working class Americans will save billions of barrels of the oil he doesn’t want us to drill for in our own country, which would provide millions of new jobs to offset the ones that will be destroyed by the Wall Street financial crisis his party’s policies and resistance to regulatory oversight created?”

Instead, we got more blathering about “earmarks”. It’s enough to make projectile vomiting seem like a mildly diverting hobby by comparison.

Bidenpropisms used to be another highly diverting hobby, back when it still mattered. Here’s Slow Joe’s latest verbal crapfacedness:

Joe Biden honestly believes that the decision in Roe vs. Wade is “as close to a consensus that can exist in a society as heterogeneous as ours.”

Were Ifill not on the take, a decent question would be, “Senator Biden, are you really completely unaware of the raging abortion debate in this country for the past thirty-five years? If this is “consensus,” what would “division” look like? By your standards, did this nation have a “mild disagreement” over secession [and slavery] from 1861 to 1865?”

Support for Roe v. Wade has ranged from 62% to 49% since 1973; opposition has ranged from 28% to 48%. One third of Democrats oppose it.

If ANYbody is set up to bludgeon Senator Rogaine about the head and shoulders for this lunatic doggerrell, it’s Sarah Baracuda. Question is, will Gwen Ifill let her - and have her McCainiac handlers told her to let that go “in the spirit of bipartisanship”?

[cross-posted at ]

That Sound You Heard Today

This post was written and posted at TOCB the day the unconstitutional Wall Street bail out bill failed…

~Snooper~

That sound you heard today was Common Sense once thought to be dead and buried coming to life and coming home to roost.

That sound you heard today was the United States Constitution making itself noticed.

That sound you heard today was We The People getting our message made known.

That sound you heard today was socialists screaming from the rooftops in anguish and pain.

That sound you heard today was Collective Reasoning forcing itself upon the unreasonable and the intolerant.

That sound you heard today was the fat cats, crooks and robbers screeching in agony as their reign of deceit, lies and charlatanism being exposed.

That sound you heard today was Free Markets fixing itself in spite of government fabricated cure intrusion.

That sound you heard today was defective government meddling into financial markets coming to a screeching halt.

That sound you heard today was the sound of the demanding of Personal and Professional Accountability of those responsible for the current self-induced quagmire.

That sound you heard today was the sound of charlatans admitting, without the integrity to actually admit, failure.

That sound you heard today was the groans of those responsible being made known.

That sound you heard today were those trying to not get caught red-handed lying as being exposed as liars and having to face the American People for their lies.

That sound you heard today was the death of an unconstitutional Wall Street Bail Out Bill.

That sound you heard today was the politicians that actually still care about the United States Constitution standing up to be recognized as the Constitutional Caretakers that they are, both Democrat and Republican alike.

That sound you heard today was the Free Market Ghosts of days past being revived as if to say, “Leave us alone and we will take care of ourselves, thank you very much.”

That sound you heard today was foolish people knowing that their days of defrauding the American People are gone.

That sound you heard today was a message being sent to CONgress and those in CONgress responsible for the self-induced idiocy CONgress has become: “The party is over.”

That sound you heard today was the sound of We The People dictating to CONgress and not the other way around.

That sound you heard today was the American People reclaiming their Constitution and once more claiming it as their own as it does not belong to the government and never has.

That sound you heard today was the sound of Freedom annihilating the Socialist Demons of the Democrat and Republican Parties.

That sound you heard today was Free Enterprise reasserting itself.

That sound you heard today was Capitalism reasserting itself and granting the ability to either succeed or fail on one’s own merit and not some governmental intrusion and fabricated reality.

That sound you heard today was Reality settling in.

That sound you heard today was Personal Responsibility raising its ugly head.

That sound you heard today was the inevitability of the official acknowledgment of the total and complete lack of leadership qualities of the Speaker of The House Nancy Pelosi being revealed for what it is…the worse leadership in the People’s House in the history of this Nation.

That sound you heard today was the inevitability of the official acknowledgment of the total and complete lack of leadership qualities of the Senate leader Senator Harry Reid being revealed for what it is…the worse leadership in the People’s Senate in the history of this Nation.

And I will ask the following: what program, policy or legislation of note that has had a positive influence on our Nation that the SoH Pelosi or Senate Leader Reid has accomplished in their two years of service? Someone please name me one. Just one. That is all I ask. I have been searching and I have not detected any. And they dare criticize others within and without or Nation? Please. Stop insulting our intelligence.

That sound you heard today was the Death Knell of American Socialism.

Selah.

The answer to the banking problem

After the defeat of the “bail out” yesterday, many people are asking what should we do. One thing that would do a lot of good is to raise the amount the FDIC insures for customers that deposit money in banks. This will stop the run on banks, many are already seeing people take the money of of the banks to the level that the FDIC insures. But if you raise or eliminate the amount of money that is insured, people will not take money out of banks and will keep the money in the banks so they do not go under.

Another thing that should be done is get rid of the capital gains tax or cut it in half. This will have more people invest in the stock market and will not punish people from investing money and infusing money into the market.

Another thing that should be done is lower the corporate taxes so more money can be used to make jobs. This will get more people back to work. We have the second highest corporate tax in the world, this is ridiculous ion this time and go against what this country was founded on.

And there should be a “work out” to get the people that are defaulting or not paying their mortgages to an amicable resolution. They can lower the rates that they are charged and make the time to pay the money back longer and not enforce many penalties. This will be a win win situation for both the people that were in over their head in buying a home or were lied to or hoodwinked by crooked mortgage companies into buying ARMs . This would be the same as how many credit card companies get resolution from customers that loose a job or got into credit debt.

And what about the failing banks. Well, let them fail and go into bankruptcy. Why should the taxpayers bail out the banks when the taxpayers did no wrong. That is the real reason the “bail out” deal failed. Too many CONgressman were getting flooded by constituents telling them not to bail out the fat cats that mostly made a killing on the backs of the regular folks.

Here is a good article from CNN, of all places, about why we should not bail out the banks .

Editor’s note: Jeffrey A. Miron is senior lecturer in economics at Harvard University. A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.


The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk.

Worse, beginning in 1977 and even more in the 1990s and the early part of this century, Congress pushed mortgage lenders and Fannie/Freddie to expand subprime lending. The industry was happy to oblige, given the implicit promise of federal backing, and subprime lending soared.

The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company.

Bankruptcy does not mean the company disappears; it is just owned by someone new (as has occurred with several airlines). Bankruptcy punishes those who took excessive risks while preserving those aspects of a businesses that remain profitable.


So what should the government do? Eliminate those policies that generated the current mess. This means, at a general level, abandoning the goal of home ownership independent of ability to pay. This means, in particular, getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into subprime lending.—CNN

Energy Freedom Day With Senator DeMint

Senator Jim DeMint will be with us for around 20 mins to talk about an exciting proposal for DRILL NOW! We have pre-selected callers. Senator DeMint is heroic in his ceaseless defense of FREEDOM (Energy Freedom Day) and we consider him to be a TRUE “Freedomist” 9AM tomorrow, show starts at 8:30AM.

http://www.blogtalk radio.com/ freedomist/ 2008/10/01/ 57th-State- wSen-Demint

PLEASE FORWARD, I wanrt the Senator to have as big an audience as possible.

Bill Collier

American Freedomist Network

717 503 1645

Rescue Complex aka Bailout Madness

Yesterday, the $700 billion dollar bailout was defeated. The economic “crisis” is weighing heavily on the presidential race, and on the minds of most average Americans. Just before the vote began, Speaker Nancy Pelosi delivered a vitriolic speech that cost one dozen Republican votes. Moments later, Republican Leader John Boehner, along with Chief Deputy Whip Eric Cantor address a gaggle of reporters blasting Pelosi’s politically tone-deaf move.

The fact is this: if you want bipartisanship, don’t go to the floor and attack. The American people don’t like the bill. The bailout is unpopular. Speaker Pelosi once promised us that she would be the Speaker of the WHOLE House, for ALL Americans. After a week of working closely with Treasury Secretary Hank Paulson, Barack Obama, Harry Reid and the President’s negotiators - the American people are not convinced. The defeat of this bill buoyed the House Republicans, steeled them for the ongoing fight.

After all those years in Washington, Speaker Pelosi should know better than to play with fire.

Who Bails Out McCain?

The Paulson Sting holds the American economy hostage, hoists John McCain on his own “country first” petard, and guarantees a generation of unchallengable Democrat rule.

A scheme so nefarious and diabolical….

….as to put even this devastatingly handsome ghost villain to shame.

Listen Live

Saturdays, 1PM Eastern/10AM Pacific

and/or

Sundays, 6PM Eastern/3PM Pacific

The Paulson Sting

My fellow Americans, the “New Tone” chickens have finally, fully, devastatingly come home to roost. And their name is Henry Paulson.

You remember the “New Tone,” right? It’s what President George W. Bush wanted to bring to Washington, D.C. after years of “partisan bickering” between congressional Republicans and the Clinton administration. He wanted things in the nation’s capital to work the way he made them work in Texas state government: friendly, cordial, civil - one might even say “post-partisan”. In Austin, Dubya succeeded, because the Democrats he worked with there weren’t the same kind of Democrats he was inheriting in Washington. In Texas, most Dems are “blue dog” centrists, not very far philosophically or ideologically from Bush himself. In Washington, most Dems are vicious, corrupt, Marxist scumbags. And they had the long knives out for him from day one after the failure of Al Gore’s Florida Insurrection.

But the President persevered anyway. It’s cost him again and again over the past eight years. It’s a wonder - neigh MIRACLE - that it didn’t cost him a second term. It’s the reason that his approval ratings have been subterranean almost ever since he was re-elected, arguably a factor in the GOP losing Congress in 2006, and why John Sith McCain has such a steep hill to climb to somehow succeed him in five and a half weeks.

But never has it cost his party and his possible successor more than it has with the Paulson Sting.

Henry Paulson is George W. Bush’s third Secretary of the Treasury. Bush has never had a free-market conservative SecTres. I have no idea why. For a President that ran on supply-side tax-cutting, one would have thought he’d have dialed up Steve Forbes or Larry Kudlow even before he got on the blower to Colin Powell to ask him to run Foggy Bottom. Instead he has invariably tapped either non-ideological or ideologically hostile types like the ever-loyal Paul O’Neill, the non-descript John Snow, and the now-treacherous Hank Paulson.

Paulson’s selection two years ago was particularly pregnant given current circumstances. As the ex-chairman of Goldman Sachs, he’s not exactly a neutral, disinterested observer in the “Wall Street Meltdown,” and as a Democrat, his loyalties to President Bush would, to any other Republican but he, have to be considered questionable at best.

I wouldn’t go so far as to say that Paulson has horns, a pitchfork, hooves, and a pointed tail. But in light of what took place yesterday, he sure looks like a Donk mole in the heart of the “enemy” camp.

Let’s reestablish the week’s baseline, shall we?

1) TUESDAY: Paulson calls South Carolina Republican Senator Lindsey Graham - one of Darth Queeg’s RINO Sith apprentices - and begs him to get McCain involved in the b[uy]out negotiations. More specifically, to talk House Republicans into getting involved in the b[uy]out negotiations (even though the Dems had pointedly excluded them to that point) because without them, according to Paulson, no “bipartisan” deal will be possible (flag this in your thoughts for immediate future reference).

2) WEDNESDAY: Graham relays Paulson’s message. McCain, incapable of resisting a “call to duty” and any opportunity to “put country above party” - EVEN IN THE MIDDLE OF A PRESIDENTIAL CAMPAIGN - answers the call, and just as predictably calls Barack Obama and invites The One to join him in a show of bipartisan unity in the midst of a national “crisis”. Barry blows him off, and Maverick suspends his campaign (including pulling down all his ads) anyway and jets back to D.C.

Later in the day, at McCain’s urging, President Bush invites both him AND Senator Hussein, along with the party leaders and Banking Committee Chairs and ranking members of both houses, to a “bipartisan crisis summit” at the White House to hammer out a “bipartisan deal” that will “save the country”. Having been directly summoned by the President of the United States, B.O. decides that invitation is too big and too public to snub.

3) THURSDAY: I’m listening to Sean Hannity on the way back from lunch. He says that the big powwow at the White House has broken up. McCain and Obama were supposed to come out and jointly speak to the press hordes on the front lawn, but Hannity reports that McCain exited via the West Wing, ducked into his transportation conveyance, and sped away without a word. I figured Obama would come out and brag about having “saved the day” himself, and wondered why McCain would let him do that, but evidently Barry didn’t have much to say, either.

This morning we found out why:

When Senator Barack Obama was given the floor to speak during White House negotiations, according to White House aides, he did so raising concerns about a House Republican alternative to the Paulson/Bernanke $700 billion bailout. But those concerns weren’t necessarily his, as he was not aware of the GOP plan before reviewing notes provided him by Paulson loyalists in Treasury prior to entering the meeting.

According to an Obama campaign source, the notes were passed to Obama via senior aides traveling with him, who had been emailed the document via a current Goldman Sachs employee and Wall Street fundraiser for the Obama campaign. “It was made clear that the memo was from ‘friends’ and was reliable,” says the campaign source.

The memo allowed Obama and his fellow Democrats to box in Republican attendees and essentially took what President Bush had billed as a negotiating meeting off the rails.

“Paulson and his team have not acted in good faith for this President or the Administration for which they serve,” says a House Republican leader who was not present at the White House meeting, but who instead is part of the team hammering out the House GOP alternative. “We keep hearing about how Secretary Paulson is working with Democrats on this or that, yet he never seems to consider working with the party that essentially hired him. Perhaps he’s auditioning for a Democratic administration job. Our proposal didn’t just spring forth fully formed; we’ve been working on this for several days, and Treasury staff has known about it.” [emphases added]

Here’s Limbaugh’s version, with some interesting additional details:

The President, in order to let everybody be heard, deferred to various Democrats, and every one of the Democrats - Pelosi, Reid, Dodd, and Frank - declined to speak and deferred to Obama. So Obama became the official Democrat spokesman in the meeting. This was to hype Obama’s leadership and presidential aura and so forth. What happened next, the first thing out of Obama’s mouth - Paulson is in the meeting - is he starts ripping the House Republican proposal and asks Paulson what he thinks of it.

This led Boehner and the other Republicans in there to think they have been sandbagged. We found out this morning that Obama had no clue - because he was in transit doing other things, he had no clue - what the House Republican position was….It ended up with Obama essentially chairing the meeting, with the meeting falling apart. The President was described as “beleaguered,” trying to regain control of the meeting. McCain [hardly said] anything. Everybody was yelling and screaming in there. McCain did not. He said, “We’ve gotta put these differences aside, work together,” you know, typical McCain. [emphases added]

How pathetic is that? If you had any doubts about just how lame a duck George W. Bush has become, this ought to lay it to nauseating rest. Once again, Dubya “deferred” to these creatures; once again he tried to “reach out” to them to “put partisan differences aside” to “work together” to “do what’s best for the country.” And once again they pissed in his face and kicked him in the nuts. The “New Tone” produces its latest harvest of bitter, foolish fruit.

No, wait, I take that back; the Dems acted like Bush wasn’t even there. As far as they were concerned, this was Obama’s meeting. Consequently, it was McCain they were humiliating.

Here, though, is where I diverge from the Maha Rushie’s take:

So this whole meeting yesterday essentially was established to show off Obama’s leadership skills and negotiating skills, and he blew it! People who disagree with him, he has no idea how to negotiate with. Even Obama ended up last night on TV. I think the Democrats were so frightened that the truth would come out about what happened in this meeting.

Departure #1: The Democrats own majorities in both Houses of Congress. On the House side, the minority is essentially powerless to stop the majority, and the majority can do anything it wants. Consequently, Speakerette Pelosi could simply bring the House GOP counter-proposal to a vote, crush it, then ram through the Donk/Paulson nationalization bill on a party line vote and take all the credit for having “saved the country” from another “Great Depression”. What need is there to get House ‘Pubbies to “negotiate”?

Three letters: C…Y…A. Polls are showing the public substantially if not overwhelmingly against a Donk/Paulson-style b[uy]out, which also helps explain why Lucifer wants to tack on an extra $50 billion of worthless deficit spending (i.e. to make sure there’s something in it for “Main Street” as well as “Wall Street”). As per usual, House Pachyderms are responding to the will of the people, heeding the voice of “Main Street,” and Donks are trying to scheme there way around it. The most direct route to doing so is to [DRUMROLL] “sandbag” House GOPers into caving in order to provide “bipartisan” cover for a Wall Street b[uy]out Main Street doesn’t want, after which any credit will be glommed by the Dems and any blame will fall on Republicans.

Departure #2: I don’t think Obama “blew” anything. I think Pelosi and Reid and Dodd and Frank knew he was clueless about the House GOP proposal and used that cluelessness AND their nominee to DELIBERATELY SABOTAGE A DEAL and then MAKE SURE McCAIN WAS BLAMED FOR IT.

Scroll down the Limbaugh link. After echoing Paulson earlier in the week that McCain’s presence was absolutely crucial to getting a deal done, there were Dirty Harry and close Paulson pal Chucky Schumer and other Donks this morning claiming that they already HAD a deal done (which was BS) and McCain blew it up by not ordering House ‘Pubbies to surrender (or failing to compel their compliance). Indeed, Schumer actually “respectfully” instructed President Bush to tell McCain to “get out of town.” Which, of course, Sailor had little choice but to do.

What have I been saying all week about McCain’s “bailing out for the b[uy]out? That he was setting himself up to fail because the Democrats have exactly ZERO reasons to negotiate and EVERY reason to hold out and, if it happens, let the economy collapse.

Let’s review:

1) In any negotiation, the side that can afford to wait longer ALWAYS has the upper hand.

2) The Democrats are going to gain seats in Congress in November no matter how this b[uy]out business turns out, and in the event of a total economic meltdown they’ll benefit from that even more. And in the meantime, the longer they hold out, the greater their chance of getting everything they want in a deal and more.

Consequently the Democrats have had the upper hand in the whole Wall Street Meltdown from day one (conceded to them by John McCain’s RINO fecklessness), arguably promulgated the policies that created it with such an eventual outcome in mind, and used their man in the Bush Cabinet, Henry Paulson, to lure John McCain into a trap that would destroy both his credibility and his candidacy on the issue that will dominate the rest of the campaign, and thus guarantee the election of Barack Hussein Obama as the next president of the United States.

The Democrats have achieved what may be the ultimate coup: they will be the ones responsible for destroying the economy, and their reward will be total, unchecked power over it. And they have exploited John McCain’s own maverick gimmick to pull it off.

A fitting end for a decade of perfidy against his own. A bitter tragedy that the rest of us have to accompany him to this political perdition.

[cross-posted at ]

All Cowards Blame Bush For Everything

~Snooper~

I don’t give a damn if “Bush Urges Congress to Pass Relief Bill” or not. I don’t want to bail or buy anyone out. It is not in the best interests of a nation in the long run if a government run “private industry” gets involved and saves the day in the moment of inconvenience. They soiled their own linen so let them lay in it and stink. Historically speaking, when the government gets involved in just about anything, that particular “issue” grows into a worse monster. Let this Democrat Party quagmire play itself out and allow the market to fix itself. This will be the best way to expose the culprits. This incremental socialism has got to stop and it has to stop now…before there is blood in our streets.

Chris Dodd has introduced a more “aggressive” - read that as more “progressive”; read that as more “socialist” - alternative bail/buy out of crooks and liars put into place by the Leftinistra within the Democrat Party. Chris Dodd, in case you don’t know this IS IN CHARGE of banking procedures in this country. Where in the hell was he when it was pointed out that there were major issues with the Fannie Mae and Freddie Mac accounting? Oh. Wait. He said that there WASN’T a problem until it became politically expedient to blame Bush - just like a good little lap sucker of Soros would. Damn Dodd and Soros to hell, thank you very much. You can listen to the moron here.

Are you tired of the “Congressional Shell Games” yet? I most assuredly am. Folks, it is primarily the Democrat Party that has caused this financial quagmire. Period. However, that doesn’t mean that some Republicans haven’t also got their whistles wet either.

[…] In the case of campaign account pass-alongs, incumbents take money that was raised ostensibly for their own re-election campaigns and contribute it to their colleagues’ accounts or to their national party committees. Incumbents, especially those without serious re-election challenges, pass along as much as 50 percent of the money they have raised. (Senators have exempted their own campaigns from certain spending disclosures, so it’s hard to know who’s received what from re-election campaign pass-alongs.) There is no requirement that the original contributor be informed that his or her money isn’t going for the purpose for which it was intended. In the case of a contribution from a congressman’s PAC, the pass-along amounts to “legalized” money-laundering. It’s a way to get around the lower limit on the size of contributions. (PACs may raise more money from individual donors - $5,000 per person - than the $2,300 per person that personal re-election campaign committees may raise.) And it’s a way to avoid full disclosure. In effect, the pass-along negates the laws intended to limit the influence of individual contributors, and it negates the laws intended to ensure that the public knows who is financing campaigns. Either way, the pass-along increases the pernicious effect of the seniority system, which gives greater power to members of Congress who have been in Washington the longest, and, thus, as a general rule, least share the values and interests of their constituents. […]

Had enough yet? Go read the rest at TAT to get the blood boiling.

Something else I could care less about is that “McCain will propose oversight board“. I am not impressed and neither should you be. I don’t want another useless oversight board because they all fail, as history reveals. I want criminal investigations…PERIOD. I want people in jail. I want the crooks’ assets seized and the proceeds used to pay off the debts accrued by these blatant criminals.

The screen shot to the left comes from HT to Douglas Ross. The entire piece is a must read by God. You want to know the morons that STOPPED President Bush and others from stepping in and averting the current crisis when it was affordable? Check the post out.

Why are there no calls for the head of Chris Dodd? And, why did he think that he could or would be a viable President of the United States?

Why are there no calls for the head of Barney Frank and why did he say that the views expressed way back then that the claims were exaggerated? Are they exaggerated now or is this one more political stunt in the realm of political expediency? Seeing that they were all wrong about the Iraq War, what makes anyone believe they are right about anything in the present? Some things boggle the mind, do they not?

$90, 128, 761 for Franklin Raines? $30, 155, 029 for Timothy Howard? $26, 466, 834 for Jamie Gorelick? Gorelick? Does she? $21, 000, 000 for Jim Johnson? Bonuses? For what? And the Leftinistra dare whine about oil executive Golden Parachutes? I smell the usual DNC Double Standard panties covered with fecal matter.

I say let the sleeping dogs lay and let the pieces which are crumbling fall where they may. Are people going to lose their homes? Yes. Are people going to lose their businesses? Yes. Perhaps people will then figure out that it is always best to live within your means and not a fabricated one. Perhaps they will learn that it isn’t a government program that will come to their rescue every time they make a foolish business or personal decision. Perhaps then and only then will they hold their political leaders accountable.

Then again, when one suffers from BDS, it is always easier to blame Bush for everything. As I do and a host of others know, “It’s an established fact that President Bush began to call for reform for Freddie Mac and Sally Mae long before it was politically fashionable, and long before the present crisis.” And that’s a fact Jack!

As others try and lie their way out of this, they become more exposed for what they represent…pure idiocy, dishonesty and their stature as known liars. More liars can be found at Memeorandum.

It has been government interference with our financial markets that has caused this and other crises. History also bares this out. As always, just say NO to all government bail outs and buy outs. Always from now until forever ends.

Looking for leadership in this current crisis? Don’t look towards Czarbie. He is #3 in pay-offs by the Fannie Mae and Freddie Mac crooks and he waited until AFTER McCain said his piece on the issue to come out with the usual DNC tripe of “we can do it better” without EVER explaining what that means. Czarbie can’t even follow correctly. How in the hell can he even remotely think that he has what it takes to lead? Czarbie voted “present” as his answer to most everything…what a fraud he is.

As I have said for decades now…this is socialism at work and STACLU explains it fairly well. This is Socialism 101 at work no matter what you hear to the contrary. Socialism gets a death grip on a nation when it can get its filthy hands on the economy.

Gateway Pundit has the chronology of this crisis and the evidence is clear: Bush and McCain tried to stop this bleeding but Democrats stopped them. Naturally, the cowards on the left haven’t the courage to accept responsibility so they have to brush it off onto someone else. Such cowards they are indeed.

I agree with Newt Gingrich: “Gingrich on the Bailout: Before D.C. Gets Our Money, It Owes Us Some Answers“. Well. Actually, they owe us prison sentences.

Right Voices has something to say as well: “The Mother of All Bailouts = The Death of Fiscal Conservatism”. Indeed.

Then, again, cowards always try and lie their way out of truth.

More chatter and liars here at Memorandum

Chris Dodd Chief Fraud also at Memeorandum

Bloomberg explains how the Democrats ccreated this quagmire at Memeorandum

More Dodd stupidity here at Memeorandum

Related posts:
Democrats Want Economy To Tank
The Leftinistra Are Destroying the Economy…On Purpose
I Agree With Macsmind - OUTRAGED! UPDATES Below The Fold
The Federal Bail Out - Thanks But No Thanks
The Big Bail Out Double Standard

Mark Levin explains the banking crisis

He explains what caused the problems we are having in the banking system better than anyone else I have seen.

Click on Pick to listen
H/T to Ace

Mark_levin_show_audio_rewind_12219

Meltdowns

Wall Street melts down per Democrat design, Team Sith flounders for several days, but Team Messiah blows its big chance. A wash, or a dress rehersal for an even bigger meltdown to come?

Also, this entity….

….had a bit of a meltdown himself.

Listen Live

Saturdays, 1PM Eastern/10AM Pacific

and/or

Sundays, 6PM Eastern/3PM Pacific

How The Planned Economy Is Destroying the Free Market

William R. Collier Jr. An American Freedomist

 

The present crisis is wholly rooted in the original intervention by government, through laws and policies and the personnel chosen, which was designed to “make home ownership more accessible to low income families.” Read the rest of this entry »

A Basic Primer On The Free Market

William R. Collier Jr. An American Freedomist

 

A free market is good because a “perfectly competitive free market” is one in which consumer demand is met by competing providers, it allows for no small group of buyers or sellers to dominate the market, and it shares profits with those who participate in creating them. How can we identify when the free market is being violated? Read the rest of this entry »