How the Democrats Created the Financial Crisis

Guess who killed key legislation back in 2005 that would have addresed the financial mess we’re in.
Bloomberg | Kevin Hassett | Sept. 22, 2008

If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.

But the bill didn’t become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn’t even get the Senate to vote on the matter.

That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: “It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.” [Read more…]

Do Facts Matter?

Townhall.com | Thomas Sowell | Oct. 3, 2008

Abraham Lincoln said, “You can fool all the people some of the time and some of the people all the time, but you can’t fool all the people all the time.” Unfortunately, the future of this country, as well as the fate of the Western world, depends on how many people can be fooled on election day, just a few weeks from now. Right now, the polls indicate that a whole lot of the people are being fooled a whole lot of the time.

The current financial bailout crisis has propelled Barack Obama back into a substantial lead over John McCain– which is astonishing in view of which man and which party has had the most to do with bringing on this crisis. [Read more…]

Mass Immigration – and Exploitation

FrontPageMag | Jamie Glazov | Sept. 25, 2008

Steinlight: The raid [in Iowa] demonstrates that massive immigration by the uneducated, unskilled and impoverished to a knowledge-based, largely post-industrial America is joined at the hip to exploitation. If one supports massive immigration – currently at the highest level in all of American history with the immigrants, legal and illegal, comprised predominantly of unskilled, uneducated and impoverished Hispanics – one must be prepared to countenance their exploitation and be complicit, knowingly or unwittingly, in permitting whole sectors of corporate America to return to the moral universe of unfettered capitalism portrayed in Upton Sinclair’s The Jungle. Neither wholesale violation of the rule of law by illegal aliens nor their brutal exploitation ought to be matters that divide the Left from the Right in America. [Read more…]

The Left’s Lust for Revolutionary Transformation

American Thinker | James Lewis | Aug. 13, 2008

“Everything must be different!” or “Alles muss anders sein!” was a slogan of the Nazi Party. It is also the heart’s desire of every Leftist since Karl Marx. Nazism was a deeply revolutionary creed, a fact that is always denied by the Left; but it’s true. Hitler and his criminal gang hated the rich, the capitalists, the Jews, the Christian Churches, and “the System”. They went through their Leftist phase early in life, and then went on to discover Aryan racial purity as their beau ideal. (As a swarthy Italian, Mussolini preferred to appeal to ancient Roman imperial glory).

Nazism was hatched in the same little intellectual cafes as a myriad of Leftwing ideologies, like social-democracy, anarchism, the Socialist Workers’ Party, Trotskyism, Proudhonism, the lot. Peter Viereck writing in 1941 saw fascism’s origins clearly. In the back streets of European cities you can still find the local anarchist or Leninist storefront, with old guys wearing 1900 laborer’s caps and big mustaches, and fierce revolutionary posters of Lenin tacked on the walls. You can also find them in Berkeley, California. [Read more…]

Palin and the Left’s Comprehension Gap

American Thinker | Dave Smithee | Sept. 11, 2008

It’s always been true, but as the Palin mayhem demonstrates more extravagantly then ever, the left and their media allies possess a dangerous, childish ignorance of their conservative opposition. It manifests itself in their snide assessments of her as a white trash anti-woman, and in their hysterical bleating about her pregnant daughter, which was met with the sound of crickets and an indifferent ‘So?’ by the evangelicals that the news was apparently crafted to outrage. Yet that didn’t stop them from trying as they frantically waved around the lifeless non-story, making it dance like a desperate puppeteer putting on a show for an alien species it had no understanding of.

Behind closed doors at MSNBC, there might have been puzzlement as to why nobody had, as yet, tried to stone Bristol Palin. “But that’s what they do, isn’t it? When they’re not threatening gays?” Or take Sally Quinn’s recent comments on Palin. She’s fuzzy on the matter; but is pretty sure evangelicals are against women having jobs outside the home. [Read more…]

Obama Did Vote to Teach Sex Ed to Kindergartners

Amy Proctor | Amy Proctor | Sept. 14, 2008

You’ve probably seen John McCain’s You Tube ad saying Barack Obama’s only legislative accomplishment on education was voting yea on teaching kindergarteners sex education. The Obama campaign refutes the ad. They say the legislation taught kindergartners how to discern sexual predators.

Not true. The McCain ad is right. Obama voted in the Illinois Senate to pass a bill for comphrensive sex education for grades K-12. [Read more…]

In the Name of God(lessness)

FrontPageMagazine | Dennis Prager | Aug. 19, 2008

We are constantly reminded about the destructive consequences of religion — intolerance, hatred, division, inquisitions, persecutions of “heretics,” holy wars. Though far from the whole story, they are, nevertheless, true. There have been many awful consequences of religion.

What one almost never hears described are the deleterious consequences of secularism — the terrible developments that have accompanied the breakdown of traditional religion and belief in God. For every thousand students who learn about the Spanish Inquisition and the Salem Witch Trials, maybe two learn to associate Gulag, Auschwitz, The Cultural Revolution, and the Cambodian genocide with secular regimes and ideologies. [Read more…]

The Best Man Turned Out To Be A Woman

Human Events | Ann Coulter | Sep. 3, 2008

John McCain’s choice of Sarah Palin, governor of Alaska, as his running mate finally gave Republicans a reason to vote for him — a reason, that is, other than B. Hussein Obama.

The media are hopping mad about McCain’s vice presidential selection, but they’re really furious over at MSNBC. After drawing “Keith (plus) Obama” hearts on their denim notebooks, Keith Olbermann and Chris Matthews stayed up all night last Thursday, writing jokes about Minnesota Gov. Tim Pawlenty, the presumed vice presidential pick. Now they can’t use any of them.

So the media are taking it out on our brave Sarah and her 17-year-old daughter. [Read more…]