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housing

Newt And Freddie

November 17, 2011

In his 2011 book, "To Save America", GOP presidential candidate Newt Gingrich wrote the following (from Bloomberg): [The two companies, Freddie Mac and Fannie Mae] “are so thoroughly politicized and preside over such irresponsible lending policies that they need to be replaced with smaller, private companies operating without government guarantees, whose leaders focus on making [...]

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The Incredible Reinvention Of Barney Frank

October 27, 2010

One of the mysteries of this election cycle is how Rep. Barney Frank (D-MA) could possibly be leading his congressional opponent, Sean Bielat (R-MA), by 13 points in the polls. I confess I know next to nothing about Bielat, but I do know a lot about the incumbent Frank. Given this knowledge of Rep. Frank, [...]

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Heading In The Right Direction ?

August 25, 2010

Housing sales fell 27% last month, the biggest drop in 15 years. The official unemployment rate is 9.5% (the real unemployment rate is over 16%, and may be much higher), and weekly unemployment claims rose to their highest level since last november. This year's federal deficit is expected to be $1.3 trillion, the second trillion+ [...]

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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 [...]

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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 [...]

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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 was [...]

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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 [...]

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