Obama and Ayers Pushed Radicalism On Schools

Quoting Bill Ayers in The New York Times, 9/11/2001:

“I don't regret setting bombs”

“I feel we didn't do enough”

“Everything was absolutely ideal on the day I bombed the Pentagon”

The NYT article goes on to say:

“Mr. Ayers… in 1970 was said to have summed up the Weatherman philosophy as: ‘Kill all the rich people. Break up their cars and apartments. Bring the revolution home, kill your parents, that's where it's really at’ ”

Quoting The Weekly Standard:

“[Bill Ayers] brags at the end of [his autobiography] Fugitive Days that he is ‘Guilty as hell, free as a bird—it’s a great country.’ As for those who might believe without irony that America is a great country, Ayers has one reaction: ‘It makes me want to puke.’ ”

“This man still hates America and seeks its destruction.”

Quoting Stanley Kurtz at The Wall Street Journal:

“Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience. From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge (CAC), and remained on the board until 2001. The group poured more than $100 million into the hands of community organizers and radical education activists.

The CAC was the brainchild of Bill Ayers, a founder of the Weather Underground in the 1960s. Among other feats, Mr. Ayers and his cohorts bombed the Pentagon, and he has never expressed regret for his actions. Barack Obama's first run for the Illinois State Senate was launched at a 1995 gathering at Mr. Ayers's home.”

“The CAC's agenda flowed from Mr. Ayers's educational philosophy, which called for infusing students and their parents with a radical political commitment, and which downplayed achievement tests in favor of activism. In the mid-1960s, Mr. Ayers taught at a radical alternative school, and served as a community organizer in Cleveland's ghetto.

In works like ‘City Kids, City Teachers’ and ‘Teaching the Personal and the Political,’ Mr. Ayers wrote that teachers should be community organizers dedicated to provoking resistance to American racism and oppression. His preferred alternative? ‘I'm a radical, Leftist, small 'c' communist,’ Mr. Ayers said in an interview in Ron Chepesiuk's, ‘Sixties Radicals,’ at about the same time Mr. Ayers was forming CAC.”

“CAC's in-house evaluators comprehensively studied the effects of its grants on the test scores of Chicago public-school students. They found no evidence of educational improvement.”

What?
ANOTHER failed Socialist Utopian scheme?
SHOCKING!
Click the image & read the rest:


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Good Intentions Paved The Road To Subprime-Stoked Meltdown

Quoting IBD Editorials
(I inserted the link):

“As of last year, the homeownership rate among all Americans was 68.1% — up from 63% in 1970. For black Americans, it's up from just below 42% in 1970 to 47.2% last year. It's still below 50%, and still the lowest of any minority group.

Today, Americans might rightly ask 31 years after the CRA was passed whether the more than $1 trillion lent under its auspices did what its proponents promised.”

Answer: Obviously NOT!
But, Socialist Utopian schemes NEVER DO!
The REAL question is: When will they learn?
The answer is: NEVER!

In the “mind” of the Socialist, their ideology (actually, their religion)
is never at fault, ONLY the current implementation.
They are ALL hopeless ideologues. They will NEVER LEARN!

Click the image & read the rest:

Click here to read the primary post on this topic
(and all the rest).

700 Billion Dollar Bailout - Just Say No

Click the Cartoon to Enlarge:

The answer is a resounding NO!
1) Paulson’s claims regarding “the housing correction” are unconvincing.
2) I can find no data supporting Paulson’s claim of an “unprecedented” credit crunch.
9/29/08 Update: Was “The TED Spread” what panicked Secretary Paulson?
3) Click here for all my posts on why this is a terrible idea.

Click here to learn what caused this mess & read this commentary.
The Democratic Congress is already on a spending binge that we cannot afford.
And, it is a mathematical certainty that we CANNOT tax our way out of this!

Click here for more cartoons.

Blame Fannie Mae, Freddie Mac and Congress

Quoting Charles W. Calomiris and Peter J. Wallison at The Wall Streeet Journal
(emphasis mine):

“the vast accumulation of toxic mortgage debt that poisoned the global financial system was driven by the aggressive buying of subprime and Alt-A mortgages, and mortgage-backed securities, by Fannie Mae and Freddie Mac. The poor choices of these two government-sponsored enterprises (GSEs) -- and their sponsors in Washington -- are largely to blame for our current mess

How did we get here? Let's review: In order to curry congressional support after their accounting scandals in 2003 and 2004, Fannie Mae and Freddie Mac committed to increased financing of "affordable housing." They became the largest buyers of subprime and Alt-A mortgages between 2004 and 2007, with total GSE exposure eventually exceeding $1 trillion. In doing so, they stimulated the growth of the subpar mortgage market and substantially magnified the costs of its collapse.”

“If they [Fannie Mae and Freddie Mac] were not making mortgages cheaper and were creating risks for the taxpayers and the economy, what value were they providing? The answer was their affordable-housing mission. So it was that, beginning in 2004, their portfolios of subprime and Alt-A loans and securities began to grow. Subprime and Alt-A originations in the U.S. rose from less than 8% of all mortgages in 2003 to over 20% in 2006. During this period the quality of subprime loans also declined, going from fixed rate, long-term amortizing loans to loans with low down payments and low (but adjustable) initial rates, indicating that originators were scraping the bottom of the barrel to find product for buyers like the GSEs.

The strategy of presenting themselves to Congress as the champions of affordable housing appears to have worked. Fannie and Freddie retained the support of many in Congress, particularly Democrats, and they were allowed to continue unrestrained.”

“If the Democrats had let the 2005 legislation come to a vote, the huge growth in the subprime and Alt-A loan portfolios of Fannie and Freddie could not have occurred, and the scale of the financial meltdown would have been substantially less. The same politicians who today decry the lack of intervention to stop excess risk taking in 2005-2006 were the ones who blocked the only legislative effort that could have stopped it.”

Bottom Line?
Blame the tyranny of the Socialist Housing Agenda.
Click the image & read the rest:

Click here to learn how Socialist Housing was
tyrannically imposed on Steamboat Springs.

Click here to read the primary post on this topic
(and all the rest).

Here We Go Again

Prologue:
I do NOT believe we are entering the second coming of the Great Depression. The data to date do not even indicate a Recession. And, the economic forecast calls for continued growth in real GDP throughout 2008 AND 2009.

But, I KNOW that:
1) The present mess was created by government intervention.
2) MORE government intervention will ONLY make it WORSE and last LONGER!
3) Ergo, the analogy presented below is valid.

Quoting Durham Ellis at American Thinker:
(I inserted the link)

“Once again, we have a financial crisis, and once again, the American lemmings are rushing off the cliff to our destruction, running to our nanny government for help. With some combination of the media, creative historians, misinformed voters, our government monopoly schools, and opportunistic politicians, we just never seem to benefit from the lessons of history.

We all know that there was a financial crisis starting in 1929. We know that President Franklin Delano Roosevelt cared about the people and used the Federal government to try to end their problems, and we all know that the Great Depression ended many years later in the 1940's. Unfortunately, only a few economists and their students know just how counter-productive FDR's actions were and how much his intervention prolonged the misery of the American people.”

Click the image & read the rest:

Obama - The Wrong Choice For Commander in Chief

1) Quoting The U.K. TimesOnline:

“Russia flexed its muscles in America’s backyard yesterday as it sent one of its largest warships to join military exercises in the Caribbean. The nuclear-powered flagship Peter the Great set off for Venezuela with the submarine destroyer Admiral Chabanenko and two support vessels in the first Russian naval mission in Latin America since the end of the Cold War.”

“Peter the Great is armed with 20 nuclear cruise missiles and up to 500 surface-to-air missiles, making it one of the most formidable warships in the world. The Kremlin has courted Venezuela and Cuba as tensions with the West soared over the proposed US missile shield in Eastern Europe and the Russian invasion of Georgia last month. Vladimir Putin, the Prime Minister, said recently that Russia should “restore its position in Cuba” – the nation where deployment of Soviet nuclear missiles in 1962 brought Russia and the United States to the brink of nuclear war.”

Click the image & read the rest:


2) Watch this video:


3) Tell me who you plan to vote for.

P.S.) Click here and here for the facts on Iraq.
Click here for my primary post on Obama.

Click here for the next post on Obama.

Crony Capitalism Is Root Cause Of Fannie And Freddie Troubles

Quoting IBD Editorials:

“Fannie and Freddie… became a kind of jobs program for out-of-work Democrats…

Franklin Raines and Jim Johnson, the CEOs under whom the worst excesses took place in the late 1990s to mid-2000s, were both high-placed Democratic operatives and advisers to presidential candidate Barack Obama…

Meanwhile, Freddie and Fannie opened what were euphemistically called ‘Partnership Offices’ in the districts of key members of Congress to channel millions of dollars in funding and patronage to their supporters…

It emerged that Clinton aide Raines, who took Fannie Mae's helm as CEO in 1999, took in nearly $100 million by the time he left in 2005. Others, including former Clinton Justice Department official Gorelick, took $75 million from the Fannie-Freddie piggy bank.

Even so, Fannie and Freddie were forced to restate their earnings by some $3.5 billion, due to the accounting shenanigans…

President Bush, reviled and criticized by Democrats, tried no fewer than 17 times, by White House count, to raise the issue of Fannie-Freddie reform. A bill cleared the Senate Banking panel in 2005, but stalled due to implacable opposition from Democrats and a critical core of GOP abettors. Rep. Barney Frank, who now runs the powerful House Financial Services Committee, helped spearhead that fight.”

Click the image & read the rest:

The initial $200 billion Fannie/Freddie bailout was doubled.
Later, it was declared to be an UNLIMITED bailout!
Yet, the $170 Billion AIG bailout is all the media are interested in!

Click here to read the primary post on this topic
(and all the rest).