Dave M November 20th, 2008

His legacy is spent before he gets his hands on it.

From http://online.wsj.com/article/SB122705663771939523.html

His friends advise Barack Obama to launch a “New” New Deal. Maybe that’s because the old New Deal is sinking fast.

Mr. Obama’s one deeply false note during the campaign was his harping on “deregulation” as if that were the source of current troubles. His real problem is the crack-up of the world FDR built.

AP

Barack Obama gets taken for a ride by the UAW.

Fannie Mae was a New Deal creation, subsidizing the securitization of mortgage debt. FDR’s successors piled on the subsidies for housing debt and incentives directed at low-income borrowers. Kaboom.

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Dave M November 6th, 2008

“Don’t expect to build up the weak by pulling down the strong.” —Calvin Coolidge

“When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself.” —Fredrich August von Hayek

“Democracy is the theory that the common people know what they want and deserve to get it good and hard.” —H. L. Mencken

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Dave M November 2nd, 2008

Obama Tells SF Chronicle He Will Bankrupt Coal Industry

Let me sort of describe my overall policy.
What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.

The only thing I’ve said with respect to coal, I haven’t been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.
It’s just that it will bankrupt them.

Listen to his words here:

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Dave M October 28th, 2008

Who is this masked man?

1. Occidental College records — Not released
2. Columbia College records — Not released
3. Columbia Thesis paper — not available, locked down by faculty
4. Harvard College records — Not released, locked down by faculty
5. Selective Service Registration — Not released
6. Medical records — Not released
7. Illinois State Senate schedule — ‘not available’
8. Law practice client list — Not released
9. Certified Copy of original Birth certificate - - Not released
10. Embossed, signed paper Certification of Live Birth — Not released
11. Harvard Law Review articles published — None
12. University of Chicago scholarly articles — None
13. Record of baptism– Not released or ‘not available’.

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Dave M October 28th, 2008

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Dave M October 20th, 2008

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Dave M October 9th, 2008

I’ve been thinking

Written by Jerry Teasley of Pine Mountain, GA. Former Banker.

Most of my friends know, I have tried to stop thinking, but I can’t help it in the wake of all the recent economic news.

My banking career started in 1970 and ended in 1993, but I still keep close ties to the industry.  During my banking years I did learn one or two things along the way.  The problem with our economy today is from a liberal thinking congress, senators, and presidents, as well as greed and dishonesty..  When you put these together it spells disaster in any area of our life.

Ask any banker (just walk in and ask one that has been there for 15 or 20 years) and they will tell you these are the FACTS:

Under Jimmy Carter we received the Community Reinvestment act.  This law says banks have to make loans in low income areas and it has forced many lending institutions to seek to make loans to people in areas that lenders would not normally go because of the risk and low property values. (Sub Prime Loans)  This was in 1977. In 1980 president Carter and a Democratic controlled congress passed the Depository Institutions Deregulation and Monetary Control Act– The law also removed the power of the Federal Reserve Board of Governors under the Glass-Steagall Act and Regulation Q to set the interest rates of savings accounts. A Sad fact is we are all still feeling the effects of his policies and decisions 30 years later.

Then in 1995, Bill Clinton, (in between interns) made changes to the Community Reinvestment Act, that forced an increase in the number of loans to these people and the aggregate dollar amounts loaned.– Larger loans to people with less income in areas  where the collateral value would go down instead of up. (Clinton should have had his mind on the long range effects of this in stead of Monica and a good cigar.) This was in response to pressure from “community activists.” Can you think of a former Community activist running for president?  Hint - he’s a Democrat

In 1999 Mr. Clinton signed to repeal the Glass-Steagall act which had protected taxpayers since the Great Depression.

In 2003 President Bush tried to propose a change in regulatory control over Freddie Mac and Fannie Mae and place both companies under the control of the Department of the Treasury, but was voted down by the liberal democrats led by Barney Frank. Remember the name Barney Frank, he is one of Obamas top two economic advisors

Now, Mr. Obama claims that all our financial  problems are because of Bush’s failed economic policy, and he has on his payroll the very people that were in control of Freddie Mac and Fannie Mae Barney Frank)  that received huge $$$$$$ bonuses while they were running things.  Mr. Obama has received the second largest amount of donations (over $126,000) from these companies and he has only been in the Senate 2 years.

When Enron went belly up, we demanded Senate hearings and investigations.  Why aren’t the Democrats demanding the same with these companies?

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Dave M October 9th, 2008

Here’s a new ad from John McCain, detailing Obama’s friendship and connections with William Ayers, a domestic terrorist.

“I don’t regret setting bombs. I feel we didn’t do enough,” Ayers told the New York Times several years ago.

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Dave M October 2nd, 2008

A new video about Joe Biden from the John McCain campaign:

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Dave M September 22nd, 2008

Gun control has suddenly emerged as the toxic issue of the 2008 presidential campaign, endangering Barack Obama’s appeal among Democratic blue-collar and labor union households.

The freshman Illinois senator has a long record of favoring gun bans in Chicago and Washington, D.C., and a raft of other gun control bills that are anathema to gun owners, hunters and sportsmen alike.

He insists now he supports Second Amendment gun rights to keep and bear arms that the U.S. Supreme Court upheld when it struck down the D.C. gun ban in June. But he refused to join 77 of his colleagues who signed a friend of the court brief to end the weapons ban and remains sympathetic to a broad range of gun ban statutes.

Yet the Obama campaign has been running ads in key states with large populations of gun owners and hunters, insisting he supports the right to own a gun. He cannot run away from his record.

More at http://www.washingtontimes.com/news/2008/sep/18/gun-control-target-practice/

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