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October 2008 Archives

They Warned Us About the Mortgage Crisis

( A precious few) State whistleblowers tried to curtail greedy lending—and were thwarted by the Bush Administration and the financial industry (Red State Patriot emphasis)

More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism.

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Roy Cooper, North Carolina AG

Roy Cooper of North Carolina and Tom Miller of Iowa headed a committee of state officials concerned about new forms of "predatory" lending. They urged Hawke to give states more latitude to limit exorbitant interest rates and fine-print fees. "People out there are struggling with oppressive loans," Cooper recalls saying.


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Posted October 31, 2008 03:40 PM    Permalink
Read more on Economics and Business

Two Points of View

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Hat tip for the graphic: Val Ripley

The Obama Temptation

I've been thinking this for a while so I might as well air it here. I honestly never thought we'd see such a thing in our country - not yet anyway - but I sense what's occurring in this election is a recklessness and abandonment of rationality that has preceded the voluntary surrender of liberty and security in other places. I can't help but observe that even some conservatives are caught in the moment as their attempts at explaining their support for Barack Obama are unpersuasive and even illogical. And the pull appears to be rather strong. Ken Adelman, Doug Kmiec, and others, reach for the usual platitudes in explaining themselves but are utterly incoherent. Even non-conservatives with significant public policy and real world experiences, such as Colin Powell and Charles Fried, find Obama alluring but can't explain themselves in an intelligent way.


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Posted October 30, 2008 09:43 AM    Permalink
Read more on Candidate - Barack Obama

The entire world will be watching Democrats on November 4th

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Hillary Backers Decry Massive Obama Vote Fraud

With accusations of voter registration fraud swirling as early voting begins in many states, some Hillary Clinton supporters are saying: “I told you so.”

Already in Iowa, the Obama campaign was breaking the rules, busing in supporters from neighboring states to vote illegally in the first contest in the primaries and physically intimidating Hillary supporters, they say.

Obama’s surprisingly strong win in Iowa, which defied all the polls, propelled his upstart candidacy to front-runner status. But Lynette Long, a Hillary supporter from Bethesda, Md., who has a long and respected academic career, believes Obama’s victory in Iowa and in 12 other caucus states was no miracle. “It was fraud,” she told Newsmax. (emphasis added)

Long has spent several months studying the caucus and primary results.

“After studying the procedures and results from all 14 caucus states, interviewing dozens of witnesses, and reviewing hundreds of personal stories, my conclusion is that the Obama campaign willfully and intentionally defrauded the American public by systematically undermining the caucus process,” she said.


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Posted October 28, 2008 11:27 AM    Permalink
Read more on Candidate - Barack Obama ~ Domestic Issues and Politics

WHAT IF?

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In light of the lawsuit that was filed in Federal court, by a democratic former Deputy Attorney General in Pennsylvania, which alleged Barak Hussein Obama was not born in the United States, but rather a hospital in Kenya, the legal situation bears examining. What if Senator Barak Hussein Obama were actually to have been born in Kenya in 1961? While there may be many issues surrounding the "Certificate of Live Birth," said to have been issued by the State of Hawaii, the purpose of the following article is not to deal with the veracity of that document, or even the consequences if that document were to be proven false. This is merely an analysis of the ramifications if Senator Obama was indeed born in Kenya, leaving all other collateral matters aside.

The following analysis presupposes that the allegation in the lawsuit is true, and Mr. Obama was born in Kenya, son to a US Citizen and a foreign national. The aim is to examine the possible likely outcomes of such a circumstance, were he to win the presidential election. If he loses to Senator John McCain, the point becomes legally moot (though some might argue the import of the very attempt by the Democratic party to bring about such a crises through their offering of this candidate).


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Posted October 27, 2008 01:19 PM    Permalink
Read more on Articles - David Roth

Federal judge dismisses Obama citizenship lawsuit

Sunday, October 26, 2008

[JURIST] Judge R. Barclay Surrick of the US District Court for the Eastern District of Pennsylvania [official website] on Friday dismissed [case materials] a lawsuit challenging the citizenship status and eligibility of Senator Barack Obama (D-IL) to become US president. The lawsuit [complaint, PDF], filed by Pennsylvania attorney Philip Berg, had alleged that Obama did not meet the constitutional requirement [LII backgrounder] of being a "natural born" US citizen, arguing that Obama had lost his citizenship as a child when his mother married an Indonesian man, and had failed to reclaim it upon becoming an adult. Berg also alleged that there was insufficient evidence that Obama had been born in the US, and challenged the veracity of his Hawaiian birth certificate [certificate image]. Surrick dismissed the case, finding that Berg lacked standing to bring the suit because he did not face direct harm even if the allegations were true. Berg has said that he plans to appeal [press release] the suit's dismissal. AP has more.

A similar court challenge was previously made to the citizenship of Obama's presidential rival, Senator John McCain (R-AZ), arguing [NYT report] that McCain did not qualify as a "natural born" US citizen because he was born at Coco Solo Naval Air Station in the Panama Canal Zone, a military installation outside of US territory. US District Judge William Alsup dismissed that lawsuit [order, PDF] in September for lack of standing.

Posted October 27, 2008 03:09 AM    Permalink
Read more on Candidate - Barack Obama

Do Facts Matter?

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.

It raises the question: Do facts matter? Or is Obama's rhetoric and the media's spin enough to make facts irrelevant?


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Posted October 26, 2008 12:26 PM    Permalink
Read more on Articles - Thomas Sowell

Either Yo' is or Yo' ain't

Posted October 25, 2008 03:13 PM    Permalink
Read more on Candidate - Barack Obama ~ Candidate - John McCain ~ Candidate - Sarah Palin ~ Constitution and Government ~ Gender and Race

Emulating European Failures

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Is this what Democrats are voting for?

Europe's Sorry Lesson

Seventy years ago last month the democracies of Europe were given their last chance, after four years of missed opportunities, to stop the territorial ambitions of Hitler and the Nazis. The political and intellectual elites of Europe, convinced of their unique powers of persuasion and sincerity, negotiated an Agreement with Hitler giving him virtually everything he asked for in Czechoslovakia and declared it "peace in our time". Fortified with the reality that they would not be restrained militarily, the Nazis quickly broke that Agreement and within a year marched into Poland. Thus, began World War ll and the death of nearly 70 million men, women and children.


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Posted October 25, 2008 11:51 AM    Permalink
Read more on Articles - American Thinker

Do you even know what honesty means?

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Would the Last Honest Reporter Please Turn On the Lights?
By Orson Scott Card
Editor's note: Orson Scott Card is a Democrat and a newspaper columnist, and in this opinion piece he takes on both while lamenting the current state of journalism.

An open letter to the local daily paper — almost every local daily paper in America:

I remember reading All the President's Men and thinking: That's journalism. You do what it takes to get the truth and you lay it before the public, because the public has a right to know. This housing crisis didn't come out of nowhere.


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Posted October 24, 2008 11:25 AM    Permalink
Read more on Candidate - Barack Obama ~ Candidate - John McCain ~ Domestic Issues and Politics ~ Media and Entertainment

Army Times poll of the probable military vote

Army Times Poll on the 2008 Presidential Race

In case you missed this week's issue of the Army Times, here are the results of the Army Times' poll of Military personnel regarding the presidential election (in percent):

McCain- Obama
Overall 68- 23
Army 68- 23
Navy 69- 24
Air Force 67- 24
Marines 75- 18
Retirees 72- 20
White Non-Hispanic 76- 17
Hispanic 63- 27
Black/African-American 12- 79
Enlisted 67- 24
Officers 70- 22

Somehow we missed seeing this in the New York Times and other mainstream news outlets!! Go figure.

Red State Patriot

Posted October 23, 2008 07:35 PM    Permalink
Read more on Articles - Red State Patriot ~ Candidate - Barack Obama ~ Candidate - John McCain ~ U.S. Armed Forces

Don't be absurd

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The collectivists have won the war over who owns your body

Almost all of the myriad political philosophies can be distilled to two competing ideas:

Individualism holds that people own their bodies and the fruits of their labor, and that they can do what they want with both as long as they don't harm anyone else. Under this idea, the purpose of government is to protect what people own from predators.

Collectivism holds that the king, emperor, alpha male, clan, tribe, state, Nancy Pelosi, or George W. Bush owns people's bodies and the fruits of their labor. Under this idea, the purpose of government is to force people to work for other people, either through slavery, serfdom, tribalism, nationalism, communism, fascism, socialism, Jacobinism, imperialism, mercantilism, utilitarianism, progressivism, modern-day liberalism, neo-conservatism, Obama-ism, Clinton-ism, or McCain-ism.


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Posted October 22, 2008 07:54 PM    Permalink
Read more on Articles - Craig Cantoni

Who's That Knocking .....

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Fellow Sportsman,

Hello, my name is Rich Pearson and I have been active in the firearm rights movement for over 40 years. For the past 15 years, I have served in the Illinois state capitol as the chief lobbyist for the Illinois State Rifle Association.

I lobbied Barack Obama extensively while he was an Illinois State Senator. As a result of that experience, I know Obama’s attitudes toward guns and gun owners better than anyone. The truth be told, in all my years in the Capitol
I have never met a legislator who harbors more contempt for the law-abiding firearm owner than Barack Obama.


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Posted October 21, 2008 10:11 AM    Permalink
Read more on Candidate - Barack Obama ~ Gun Control

Is it immoral to vote for either Obama or McCain?

Imagine if Barack Obama were running on a platform of confiscating 75 percent of the income of Chinese Americans as punishment for being too studious. Also imagine if John McCain were running on a platform of confiscating 60 percent of the income of East-Indian Americans as punishment for being too industrious.

Would you vote for either of them?

I assume that you’d say no, because you’d find both platforms to be reprehensible and immoral, even if the confiscation were allowed under the law and supported by a majority of voters. Moreover, I assume that you wouldn’t vote for McCain just because his confiscation would be less than Obama’s.


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Posted October 19, 2008 09:47 AM    Permalink
Read more on Articles - Craig Cantoni ~ Candidate - Barack Obama ~ Candidate - John McCain

2nd Amendment in Obama's sights

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Anti-Gun-Rights Candidate Could Gut "Heller" Decision

Now that Barack Obama has received the endorsement of the Brady Campaign gun-control group, will the Supreme Court's findings in the D.C. gun-ban "Heller" case matter?

That's the question experts are asking in the wake of Obama's 11th-hour support from America's leading gun-ban advocates. The late-date endorsement was conspicuously absent from most large news outlets. Those groups have repeatedly claimed that anti-gun-rights agendas were a key issue in the Democrat election defeats of 2000 and 2004.

"Obama publicly supported Washington D.C.'s total gun ban until the Supreme Court's 'Heller' case voided it," says Alan Korwin, co-author of "The Heller Case: Gun Rights Affirmed," which was just released (see below for news-media review copies). "His opposition to gun rights is well known and carefully documented in the new book," he said. Obama swiftly reversed his position after the High Court found that gun rights belong to individuals, a point also documented in the new book.


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Posted October 16, 2008 01:56 PM    Permalink
Read more on Candidate - Barack Obama ~ Gun Control ~ Supreme Court

Racial Supremacy

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Surprise: This election really is about racial supremacy after all …

Wright 101
Obama funded extremist Afro-centrists who shared Rev. Wright’s anti-Americanism

It looks like Jeremiah Wright was just the tip of the iceberg. Not only did Barack Obama savor Wright’s sermons, Obama gave legitimacy — and a whole lot of money — to education programs built around the same extremist anti-American ideology preached by Reverend Wright. And guess what? Bill Ayers is still palling around with the same
bitterly anti-American Afrocentric ideologues that he and Obama were promoting a decade ago. All this is revealed by a bit of digging, combined with a careful study of documents from the Chicago Annenberg Challenge, the education foundation Obama and Ayers jointly led in the late 1990s.

John McCain, take note.


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Posted October 15, 2008 10:06 PM    Permalink
Read more on Candidate - Barack Obama ~ Candidate - John McCain ~ Domestic Issues and Politics ~ Gender and Race

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Do Facts Matter?

Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the...

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Either Yo' is or Yo' ain't



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Emulating European Failures

Is this what Democrats are voting for? Europe's Sorry Lesson Seventy years ago last month the democracies of Europe...

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Do you even know what honesty means?

Would the Last Honest Reporter Please Turn On the Lights? By Orson Scott Card Editor's note: Orson Scott Card...

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Army Times poll of the probable military vote

Army Times Poll on the 2008 Presidential Race In case you missed this week's issue of the Army Times, here...

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