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Jive, Cronies, and Demagogues

January 15, 2010

Democrats have been telling us that Harry Reid's comments about President Barack Obama were NOT racist. Reid said Obama could become President because he was "light skinned" and had "no Negro dialect unless he wanted to have one." Dems also tell us that Bill Clinton's remarks about Barack Obama were NOT racist. Clinton told Ted [...]

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Click Your Heels Together Three Times And Say 'The Stimulus Is Working'

September 8, 2009

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.” – Senator Barack Obama, in a 2006 floor speech preceding a Senate vote to extend the federal debt limit.
Ah, how I liked THAT Barack Obama back in 2006, [...]

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We Can't Bail Fast Enough, Time For A New Boat

November 14, 2008

In my previous understanding of free market capitalism, business had the opportunity to succeed or fail on it's own merits. If a company was well-run and consumers desired it's products, the company was successful. If not, the company wasn't successful, and it failed. It was survival of the fittest. That Darwinian concept led to the [...]

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Debate #2 – The Townhall Meeting That Wasn't

October 8, 2008

Senators Barack Obama and John McCain hooked up for another presidential debate last night in Tennessee. This one was moderated by liberal Democrat Tom Brokaw from the pro-Obama network NBC, in contrast to the first debate, which was moderated by liberal Democrat Gwen Ifill from the pro-Obama network PBS. At least Brokaw isn't writing a [...]

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Bill Clinton Blames Dems For Mortgage Crisis

October 1, 2008

The Chairman of the Senate Banking Committee, Chris Dodd (D-CT), has NO idea how the mortgage crisis happened. I repeat, he is the CHAIRMAN OF THE SENATE BANKING COMMITTEE !!! Dodd says, "American taxpayers are angry and they demand to know how we arrived at this moment."
Well, Mr. Dodd, as CHAIRMAN OF THE SENATE [...]

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Ron Paul On The Bailout Plan

September 25, 2008

Congressman Ron Paul (R-TX) sometimes seems like an island of sanity crying out in the middle of an ocean of lunacy. That's what I thought when I heard Paul talking about the current financial crisis and the bailout plan. Paul says the bailout amounts to nothing but propping up the same failed policies and systems [...]

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The Mortgage Bailout Bill

September 22, 2008

You can find the text of the mother of all corporate bailouts here.
The scope of the mortgage bailout bill is limited in only two ways – 1) The Secretary of the Treasury, Henry Paulson, has a spending limit of $700 billion in buying up bad loans from the mortgage companies (not that he couldn't ask [...]

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I Got The Bailout Blues

September 20, 2008

Hey America, how do you like your brand new insurance company, AIG ? We bought an 80% stake in that company for the bargain price of $85 billion. How about your nifty new mortgage companies, Fannie Mae and Freddie Mac ? They've been nationalized. They belong to all of us now. Who knew this [...]

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Obama On Those Failed Bush-McCain Economic Policies

September 19, 2008

Barack Obama refers to "failed Bush-McCain policies" so often that I think he may have a kind of Bush Tourette's Syndrome. No matter what the issue is, Obama blames Bush and his separated-at-birth twin brother John McCain. Yesterday's e-mail from the Obama campaign was no different:
For eight years, Bush-McCain economic policies have favored reckless deregulation [...]

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Did Anyone See The Fannie-Freddie Problem Coming ?

September 17, 2008

Both of our presidential candidates supported the government takeover of Fannie Mae and Freddie Mac. Both of our presidential candidates now think Fannie and Freddie need to be restructured and monitored.
Thanks candidates. Now that the horses have left the barn, I'm glad you both wish to close the barn door.
But Fannie Mae and [...]

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Huge Waste Of Taxpayer Dollars no. 842,365

April 15, 2008

When I heard the Senate passed S.2636, The Foreclosure Prevention Act of 2008, by a vote of 84-12, I immediately wanted to know who the 12 Senators were who voted against it. Those might be 12 Senators I could support. Those might be 12 Senators interested in doing the right thing, as opposed to the [...]

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Did Deregulation Cause the Subprime Crisis ?

March 24, 2008

The short answer is…yes, it did. It made the mortgage banking industry much more speculative than it was under the former Depression-era banking regulations. The Depression-era banking regulations were designed to, not surprisingly, protect against severe economic recessions and depressions (like maybe what we are moving into now ?)
Deregulation also resulted in record levels [...]

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