Tag Archives: economy

The Headlines

61 Nobel Laureates Support Obama

According to a few newspapers around the nation, 61 Nobel Laureates have signed a letter endorsing Senator Barack Obama for president. Considering there are hundreds of them around the world, I’m not really sure it’s significant news.

What is significant are the racist remarks made by Dr. James D. Watson, one of the laureates endorsing Senator Obama. In 2007, the UK Times Online reported , “The 79-year-old geneticist said he was ‘inherently gloomy about the prospect of Africa’ because ‘all our social policies are based on the fact that their intelligence is the same as ours – whereas all the testing says not really.'” “He said he hoped that everyone was equal, but countered that ‘people who have to deal with black employees find this not true’”. (Read the full story)

Of course, Dr. Watson, a life-long Democrat and secular humanist, did apologize for his remarks.

Unveiled: Democrats’ Racist Past

NBRA.info

by Frances Rice

“It was Democrats who started the Ku Klux Klan that became the terrorist arm of the Democratic Party to lynch and terrorize Republicans-black and white. Democrats passed those discriminatory Black Codes and Jim Crow laws and fought every piece of civil rights legislation from the 1860’s to the 1960’s. Shamefully, Democrats fought against anti-lynching laws, and when the Democrats regained control of Congress in 1892, they passed the Repeal Act of 1894 that overturned civil right laws enacted by Republicans. Republicans founded the HCBU’s and started the NAACP to counter the racist practices of the Democrats. It took Republicans six decades to finally enact civil rights laws in the 1950’s and 1960’s, over the objection of Democrats.”

(Read the full article)

Frances Rice is a lawyer, retired Army Lieutenant Colonel and Chairman of the National Black Republican Association. She may be contacted at: http://www.NBRA.info

LA NOW Prez on Palin: ‘America, This is What a Feminist Looks Like
ABC News

by Jake Tapper
October 06, 2008 11:45 AM

October 6, 2008 – ABC News reported President of the Los Angeles chapter of the National Organization for Women, Ms. Shelly Mandell, supports McCain and Palin. The following is a quote from ABC News:

“Make no mistake,” Mandell said. “I’m a life-long Democrat … I don’t agree with Gov. Palin on several issues.” And yet, she said, “I know Sarah Palin cares about women’s rights, she cares about equality, she cares about equal pay, and as Vice President she will fight for it. She cares about our children and she cares about women’s lives. She’s an athlete and she knows what Title Nine did for girls like her.”

“It is an honor to call her sister,” Mandell said as she handed the microphone over to Palin, who would accuse Sen. Barack Obama, D-Ill., of “palling around with terrorists.”

“America,” Mandell said, “this is what a feminist looks like.”

(Read the full story)

What Obama and the Media Forgot to Tell America about the Keating Five

1. Four of the Keating Five were democrats. Three of the democrats involved were found guilty of ethics violations with Senator Alan Cranston (Democrat – California) censured.

2. Senators McCain (Repbulican – Arizona) and Glenn (Democrat – Ohio) were exonerated. The Boston Globe in a February 28, 2008 article wrote, “The Senate Ethics Committee determined that McCain [Republican], along with then-Senator John Glenn [Democrat] of Ohio, ‘exercised poor judgment.’ The committee found that others had gone further, ruling that [Dennis] DeConcini [Democrat-Arizona] and Senator Donald Riegle [Democrat] of Michigan “gave the appearance of being improper” and recommending Senator Alan Cranston [democrat] of California for censure.”

3. Mr. Robert Bennett, the Senate Ethics lawyer who investigated Senator McCain. stated, in February 2008 on the Hannity and Colmes show that, “First, I should tell your listeners I’m a registered Democrat, so I’m not on (McCain’s) side of a lot of issues. But I investigated John McCain for a year and a half, at least, when I was special counsel to the Senate Ethics Committee in the Keating Five. … And if there is one thing I am absolutely confident of, it is John McCain is an honest man. I recommended to the Senate Ethics Committee that he be cut out of the case, that there was no evidence against him.”

For the most comprehensive report on the Keating Five, read McCain Profile: The Keating Five by the Arizona Republic.

Obama Campaign Hits Back at McCain with Keating Five Web Video

Bloomberg.com

by Julianna Goldman

October 6, 2008

“The difference here is clear: John McCain has been open and honest about the Keating matter, and even the Democratic special counsel in charge recommended that Senator McCain be completely exonerated.”

“By contrast, Barack Obama has been fundamentally dishonest about his friendship and work with the unrepentant terrorist William Ayers, whose radical group bombed the Pentagon and the U.S. Capitol.” (Read the full story)

How close were Barack Obama and Tony Rezko?
Salon.com
by Edward McClelland
February 1, 2008

“Antoin “Tony” Rezko arrived in Chicago from Syria in 1971.

It was almost inevitable that Obama, as a Chicago politician, would spend a lot of quality time with someone like recently jailed Rezko. But that doesn’t excuse bad judgment.


Rezko, after all, built part of his fortune by exploiting the black community that Obama had served in the state Senate, and by milking government programs meant to benefit black-owned businesses. But Obama took Rezko’s money even after the businessman was sued by the city of Chicago for failing to heat his low-income apartments, and even after Rezko was caught using a black business partner to obtain a minority set-aside for a fast-food franchise at O’Hare Airport.”
(Read the full article)

Video: What Democrats say about John McCain

EXCLUSIVE: Pelosi paid husband with PAC funds
The Washington Times
By Jennifer Haberkorn
Wednesday, October 1, 2008

House Speaker Nancy Pelosi has directed nearly $100,000 from her political action committee to her husband’s real estate and investment firm over the past decade, a practice of paying a spouse with political donations that she voted to ban last year.

Financial Leasing Services Inc. (FLS), owned by Paul F. Pelosi, has received $99,000 in rent, utilities and accounting fees from the speaker’s “PAC to the Future” over the PAC’s nine-year history.” (Read the full story)

Attorneys believe Rezko is talking to prosecutors
The Associated Press
By MIKE ROBINSON
September 30, 2008

CHICAGO (AP) “Attorneys with knowledge of the government’s investigation of corruption in state government say they are convinced the one-time key fundraiser for Democratic Gov. Rod Blagojevich and Sen. Barack Obama is either talking or about to do so.” (Read the full story)

Dems brought us to this point
Canada Free Press
By Grant Swank
Tuesday, September 30, 2008

If B. Hussein Obama is elected, we will have more and more of what the US simply cannot tolerate.

It will be more and more of Nancy Pelosi.. Can America withstand another assault from this brainless “leader” who knows not how to bring together those who bow before her throne?

She is worn and tattered. She promised the USA within the first 100 days of her governing that she would remake this country. We are still waiting as she instead turns the nation inside out.” (Read the full story)

An ACORN Falls from the Tree
Canada Free Press
By Ken Blackwell
Tuesday, September 30, 2008

As negotiations over Congress’s emergency rescue bill continued over the weekend, repeated rumors leaked out that the Democrats were trying to funnel money to a hyper-partisan organization involved in criminal voter fraud. I’m speaking of the Association of Community Organizations for Reform Now — known by its acronym, ACORN. Although ACORN was cut from the final legislation, it’s important to understand this organization and its long history with, of all people, Barack Obama. And it’s important to see how partisan this emergency legislation has become.” (Read the full story)

Obama Grant Being Probed
Chicago Sun-Times

BY CHRIS FUSCO AND DAVE MCKINNEY
September 25, 2008

“A $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports, about whether the money might have been misspent.

The garden was never built. And now state records obtained by the Sun-Times show $65,000 of the grant money went to the wife of Kenny B. Smith, the Obama 2000 congressional campaign volunteer who heads the Chicago Better Housing Association, which was in charge of the project for the blighted South Side neighborhood.” (Read the full story)

Ohio Election Head Rejects Republican Ballots
Judicial Watch
Wed, 09/24/2008 – 11:06

The top election official in a key swing state that is sure to play a huge role in the upcoming presidential election has rejected absentee ballots for thousands of Republicans.

Ohio Secretary of State Jennifer Brunner, a Democrat, is hassling Republicans who want to vote for John McCain and two citizens have already filed lawsuits accusing her of the “disenfranchisement of thousands of voters.” (Read the full story)


Fannie and Freddie – Shook the Economy as Feared!

Just how did the American economy get shaken at the roots.

According to the U.S. Speaker of the House, Democrat Nancy Pelosi, it was caused by “Eight years of weakened regulation of our nation’s financial system — including a failure to regulate risky, and often predatory, lending practices — by the Bush administration and Republicans in Congress have led us to this point, and could further erode our nation’s economic health.”

Senate Majority Leader, Democrat Harry Reid said, “What we are seeing on Wall Street is the legacy of the Bush-McCain economic policies that have failed this nation.”

(WHISTLE BLOWS! REFEREE TOSSES BULLSHIT FLAG ONTO THE FIELD!) Watch the replay tapes!

Democrats probably won’t believe the Fox News report. At this point, they probably won’t believe the New York Times, USA Today, the Boston Globe, or any other prominent U.S. news sources from across the United States. But history has been written, and the reality of how America got to the current economic crisis is a matter of record, and that record clearly shows that the culprits were democrats.

The articles below are a small sample of the thousands of articles published between 2002 to 2006. And in each of them, democrats fought to prevent stricter regulation/financial accountability of Fannie Mae and Freddie Mac.

In 2002, the following information was reported by the New York Times.

“Proposals on Mortgage Agencies”
Published: May 30, 2002

The Bush administration is urging new rules to require Fannie Mae and Freddie Mac, the government-sponsored companies that are the largest purchasers of home mortgages, to make financial disclosures similar to those of other publicly traded companies. (Read the full story)”

Another New York Times article in 2003 indicated the Bush administration sought “significant regulatory overhaul”, while Democrats Barney Frank and Melvin L. Watt disagreed with the president and said, “Fannie Mae and Freddie Mac — are not facing any kind of financial crisis…”

New Agency Proposed to Oversee Freddie Mac and Fannie Mae

By STEPHEN LABATON
Published: September 11, 2003

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

In 2005, USA Today reported:

Fannie Mae regulator says more problems could be found
Published: April 26, 2005

At a hearing in October by a House panel, after Fannie Mae’s accounting woes came to light, Democratic lawmakers still staunchly defended the two companies against Republican attempts at tighter government regulation and turned their criticism against Falcon, who testified.

“This hearing is about the political lynching of Frank Raines,” declared Rep. William Lacy Clay, D-Mo., referring to former Fannie Mae chief executive Franklin Raines. Raines and chief financial officer Timothy Howard were ousted by the company’s board in December.

In the interview, Falcon recalled several years of political struggle.

“It’s not easy to get up in front of a congressional committee and have them accuse you of everything from having improper motives to poor judgment to being poorly qualified,” Falcon said. “It was difficult at times, having to deal with all that, especially from people who I’d worked with over the years.”

The people, notably Democratic lawmakers who benefited from housing investments by Fannie Mae and Freddie Mac in their districts, became Falcon’s harshest critics.

Now there is a drive in Congress, endorsed by the [Bush] administration, to tighten the government’s hand over Fannie Mae and Freddie Mac and create a new regulator with broader powers, including reducing their combined $1.5 trillion mortgage portfolios.

On December 27, 2004, Realty Times Kenneth R. Harney wrote:

Fannie Mae’s Tough Times Likely To Continue In 2005

Published: December 27, 2004
Fannie’s year ahead on Capitol Hill looks grim. The Bush administration, along with Federal Reserve chairman Allan Greenspan, have long been critics of Fannie’s government-subsidized growth and high profits. Critics also have worried that a financial crisis at Fannie, with nearly $1 trillion at stake, could trigger seismic repercussions in the banking, housing and international capital markets.

By early Spring 2005, according to the House banking committee, legislation should be well underway to create a new, more powerful oversight agency for Fannie, Freddie Mac and the Federal Home Loan Banks.

Whereas as late as this past October Fannie had passionate defenders among House and Senate Democrats — plus a handful of Republicans — those ranks were sharply depleted after the SEC found Fannie’s hedge accounting noncompliant with federal rules. Democrats, especially ranking House banking committee minority member Rep. Barney Frank (D-Mass.), had helped stymie the Bush administration’s efforts to create a new regulator for over a year, arguing that Fannie’s housing mission could be compromised by too many restrictions.

On December 4, 2006, the Boston Globe reported:

US Rep. Frank seeks to broaden mortgage program.

Byline: Susan Milligan

Dec. 4–WASHINGTON — Democrats plan to use their new majority status in Congress to expand the mortgage market for tens of thousands of home buyers in Massachusetts and other states where high housing prices are limiting use of federally regulated mortgage programs, according to Capitol Hill lawmakers.

Representative Barney Frank, a Newton Democrat set to become the chairman of the House Financial Services Committee in January, said he will aggressively push legislation to ease current restrictions on the amount of a mortgage that can be held by Fannie Mae and Freddie Mac, two private mortgage companies chartered by the federal government.