Category: Media

  • Time’s “Person of the Year” is a joke

    I wasn’t going to comment on this, but it became inevitable after reading some of the blogs’ reactions. Like Uncle Jimbo at Blackfive; (more…)

  • Taxing the rich

    John Edwards wants to tax the rich (well, except anyone named Edwards) into oblivion. Hillary Clinton already threatened wealthy donors that she was going to take things from them and give those things to the poor. Obama just keeps chanting “tax the wealthy” over and over like a parrot.

    Well, according to the Wall Street Journal editorial board, President Bush has set the “tax the rich” bar pretty high; (more…)

  • Gore takes the Democrat campaign to Bali

    Reuters couldn’t wait to call Al Gore “Nobel Laureate Al Gore” is their story about his most recent manbearpig warning speech in Bali;

    Nobel laureate Al Gore accused the United States on Thursday of blocking progress at the U.N. climate conference, and European nations threatened to boycott U.S.-led climate talks next month unless Washington compromises on emissions reductions.

    (more…)

  • Republican Univision fiasco

    It reminded me of the old joke about a hobo who tells a rich man on the street that he hasn’t had food for a week and the rich man tells him not to worry, that food still tastes the same. Years ago, a debate of “hispanic issues” at the University of Miami would have included a discussion of tinpot despots repressing their “pueblo” and bloodthirsty communist guerillas murdering citizens in their sleep. Today a discussion of “hispanic issues” is all about helping people circumvent our legal system.

    From Wall Street Journal’s Laura Meckler;

    There were few differences voiced among the candidates and not a single candidate attacked any of his rivals, a sharp contrast to recent Republican debates.

    Rather, it seemed that the evening was a discourse between the Republican Party and the Hispanic community, as moderators asked about immigration, health care, education and Latin American politics, and Republicans sought to show they shared values with their questioners even as they touted various tough policies to stem illegal migration here.

    “The sky’s the limit for Hispanic Americans but you know something, the sky’s the limit for all Americans if we have the right kind of leadership,” said former New York Mayor Rudy Giuliani.

    The only way to change the discussion in this country is to speak honestly about changing the culture of victimhood. The Republicans were so busy tip-toeing around the immigration so they wouldn’t get booed on camera that they ended up discussing nothing – just pandering to the Latin audience.

    The closest thing to a political stand came from Ron Paul as reported by Stephan Dinan of the Washington Times;

    The studio audience shouted and booed Rep. Ron Paul of Texas when he said he would talk to Venezuelan President Hugo Chavez.

    “We create the Chavezes of the world, we create the Castros of the world,” Mr. Paul said.

    George Moneo of Babalu Blog was there and discribes the scene;

    The star of the night, however, was Ron Paul. He was thoroughly booed when he gave the answer about “talking” to fidel and hugo the monkey boy; I yelled “you’re a fool” amidst the boos, to which the Ron Paul supporters sitting next to and behind us, yelled back the highly original “no, you’re the fool.” Libertarianism is a good concept, but in practice it’s terribly naive about human nature, and dangerously isolationist in foreign policy. (As opposed to post-Camelot liberalism which is just stupidity codified as a political philosophy.) The fact that Paul wants to talk to enemies that want to kill us says all I need to know about the man, despite his spot-on analysis over the years of our fiscal mess. Today, he’s just Jimmy Carter with an (R) at the end of his name.

    Ron Paul was just playing to his supporters, none of whom know where Univision is on their cable boxes. But the boos will probably be worth another buck-and-a quarter per in contributions. Kate at A Columbo-Americana’s Perspective has more to say about Ron Paul.

    To me, the main issue facing the nation and it’s hispanic population is one of assimilation, particularly language and no one addressed it. While the Spanish language television channels and spanish language print journalists have a vested interest in the new arrivals remaining mono-lingual, it’s certainly not in the interests of the hispanic population since the language of commerce is English – in effect the spanish language media are locking the spanish-speakers out of the economy by telling them to remain ignorant.

    And, of course the spanish language media want unfettered illegal immigration to expand their market without having to work very hard for it, but Republicans need to break that perception that the spanish media has created and tell the truth that the Republicans want what’s best for the country, and stop pandering to special interest groups – especially on the television network that represses that same message. All Americans are equal – and that’s the way they should be treated. Equally.

    On the upside, Moneo (Babalu Blog) reported that there was at least on candidate who knew what the debate in Miami should have been about;

    (P.S., one more thing: John McCain showed off his white CAMBIO bracelet when talking about the repressive tactics of the cadaver-in-chief. Nice!)

    And the Times story reported that Hunter compared Republican foreign policy to Democrat policy in Latin America;

    Rep. Duncan Hunter, California Republican, said Hispanic voters should examine Republicans’ record when it comes to freedom in Latin America. He said it’s better than the Democrats’ record, which he said is embodied by President Kennedy’s handling of U.S. forces during the Bay of Pigs invasion.

    “A Democrat administration let their aircraft carrier sit there, while those freedom fighters were machine-gunned,” said Mr. Hunter, the top Republican on the House Armed Services Committee. 

    My criticisms remain the same of Republicans as they did of the Democrats when they “debated” on spanish language television. It was naked pandering and it accomplished nothing. No one told the truth and no one wanted to hear the truth spoken.

  • Look in the mirror, Jesse

    Jesse Jackson, race pimp extraordinaire, has set his sights on “predatory lenders” in the lastest crisis de jour of subprime lenders. (Reuters)

    Civil rights activist Jesse Jackson will hold a rally on Wall Street next week to persuade the financial community to help people who are foreclosing on their homes amid a deepening mortgage crisis.
     
    Jackson wants financial leaders to restructure mortgage plans for people who risk losing their homes because they are falling behind in their payments, he said in a statement.

    “Two million homes nationwide will be at risk of foreclosure by 2008,” Jackson said in a statement. “Most foreclosures result from shady products that have been offered by subprime lenders ultimately financed by Wall Street.”

    I watched Jackson on the local Fox 5 news last night as he called the mortgage problems a “financial tsunami” in Prince George’s County, Maryland. Apparently, the word “crisis” has lost it’s cache and Leftist hyperbole demands a more urgently discriptive term.

    But, it’s significant that Jackson was in Prince George’s County – the county borders on Washington DC’s poorer Black neighborhoods. PG County largely reflects it’s neighbors’ economic and demographic condition. Most of the businesses that ply trade in both areas are black-owned and black-operated franchises. The predators that Jesse Jackson are blaming are largely Black, but Jackson and others are trying to cover up that inconvenient fact (Bloomberg);

    As many as 2 million homes are at risk of foreclosure, Jackson said in a statement. The rallies will be held Dec. 10, and also sponsored by the National Association for the Advancement of Colored People and National Urban League. Other rallies will be held in Atlanta, Los Angeles, Detroit, New Orleans, Washington and Chicago.

    Jackson’s plans show how the increase in delinquencies on subprime mortgages, some of which were the product of what Federal Reserve officials said were “lax” lending practices, is capturing political attention. Democratic Senator Hillary Clinton, a candidate for her party’s presidential nomination, this week called for a 90-day moratorium on foreclosures.

    There is definitely greed involved in the subprime lending market – the mortgage companies, their representatives and ultimately, the borrowers themselves share in the blame. The borrowers were willing to accept the temporary lower rate in the short term, fully knowing the payment would bloom into a much larger payment – and they now claim ignorance, with Jesse Jackson showing the way. Jackson and the media have compounded the problem by telling delinquent mortgagees that they aren’t culpable if they default on their loans. 

    But, either way, Jackson knew he’d get to hold mortgage companies responsible; can you imagine the hue and cry from the race pimp if mortgage companies hadn’t been so “lax” in their lending practices and had excluded Blacks from the housing growth of the last half-decade?

    Jackson complained in an opinion piece in the Wall Street Journal entitled A Marshall Plan for Mortgages that President Bush’s plan doesn’t go far enough;

    The Bush administration’s proposed five-year freeze on home-loan rates, while a step in the right direction, doesn’t go far enough. The plan, unveiled yesterday, simply doesn’t help most of the families facing a foreclosure threat. Of the 6.5 million subprime borrowers in total, only about 750,000, or 12%, would be helped, according to some estimates. They are the homeowners who are up-to-date now with their loan payments but would fall behind and risk foreclosure when the loan resets in the coming year.

    Jackson’s main problem is that there’s no government money for him to skim off with his Rainbow Coaliton – that’s why he’s driving his pity train to Wall Street.

    It’s time for another U.S. government-sponsored Marshall Plan. But instead of reconstructing Europe after World War II, today’s Marshall Plan for mortgages would restore homeowners’ and investors’ confidence and dreams.

    In other words, Jackson’s first solution is always government (taxpayer) money instead of a last resort. Mortgage companies don’t want people to stop paying their mortgages – that makes no sense, where would they make money if people lost their homes. But in the world of Jesse Jackson where all money is government money, apparently it makes perfect sense.

  • Eyes off the prize

    The Democrats have lost the political initiative – they’ve been proven wrong on Iraq. Even their own ranks have conceded that the US troops have begun an effective pacification program and the Iraqis are taking control of their own security. So with an election on the horizon, they needed more ammunition.

    Democrats got their boost this week from the anti-Bush and China-loving elements at the State Department and the CIA. The weinies a the State Department decided to abruptly release a National Intelligence Estimate that doesn’t jibe with common sense (Jon Ward, Washington Times);

    Several current and former high-level government officials familiar with the authors of the National Intelligence Estimate on Iran described the report as a politically motivated document written by anti-Bush former State Department officials, who opposed sanctioning foreign governments and businesses.

    A Republican senator plans to introduce a bill next week that would create a commission of policy experts to examine whether the new report on Iran is accurate, a spokesman said today.

    John Bolton finds the major flaws of the NIE report (h/t Atlas Shrugs)

    First, the headline finding — that Iran halted its nuclear weapons program in 2003 — is written in a way that guarantees the totality of the conclusions will be misread. In fact, there is little substantive difference between the conclusions of the 2005 NIE on Iran’s nuclear capabilities and the 2007 NIE. Moreover, the distinction between “military” and “civilian” programs is highly artificial, since the enrichment of uranium, which all agree Iran is continuing, is critical to civilian and military uses. Indeed, it has always been Iran’s “civilian” program that posed the main risk of a nuclear “breakout.”

    Obviously, a weak attempt to dissuade Americans that Iran is a threat to world peace. Now, this morning, we read that the CIA destroyed video tapes of interrogations in 2002 – instantly sending Democrats off on a false tangent of outrage (Wall Street Journal, Siobhan Gorman)

    The CIA’s acknowledgment that it destroyed videotapes of interrogations of detainees made in 2002 set off a fierce debate on Capitol Hill today, as it re-opened a contentious issue that the CIA director has worked for a year and a half to put to rest.
     
    It also raised new questions about the government’s handling of evidence in the trial of al Qaeda suspect Zacarias Moussaoui, who is now serving a life sentence after his conviction last year.

    But, Michele Malkin says Democrats in Congress were informed of the tapes’ impending destruction more than four years ago;

    Rep. Jane Harman of California, then the senior Democrat on the House Intelligence Committee, was one of only four members of Congress in 2003 informed of the tapes’ existence and the CIA’s intention to ultimately destroy them.

    “I told the CIA that destroying videotapes of interrogations was a bad idea and urged them in writing not to do it,” Harman said. While key lawmakers were briefed on the CIA’s intention to destroy the tapes, they were not notified two years later when the spy agency actually carried out the plan. Senate Intelligence Committee Chairman Jay Rockefeller, D-W.Va., said the committee only learned of the tapes’ destruction in November 2006.

    Yet the propaganda wing of the Democrat Party (otherwise known as the Washington Post) calls it a “startling disclosure”;

    The startling disclosures came on the same day that House and Senate negotiators reached an agreement on legislation that would prohibit the use of waterboarding and other harsh interrogation tactics by the CIA and bring intelligence agencies in line with rules followed by the U.S. military.

    Hardly startling when even Rockefeller admits he knew about it a year ago. Yet, WaPo perpetuates the myth of “startling”;

    Hayden said he decided to discuss the tapes publicly because of news media interest and the possibility that “we may see misinterpretations of the facts in the days ahead.” The New York Times said on its Web site that it had informed the CIA on Wednesday night that it was preparing a story about the destroyed tapes.

    So how did the New York Times find out? Either leaky-ass Congress or the anti-Bush wing of the CIA – my money’s on both.

    WSJ writes on “our troops are SS concentration camp guards” Little Dick Durbin’s drama play;

    Sen. Dick Durbin of Illinois fired off a letter to Attorney General Michael Mukasey asking for a Justice Department investigation of “whether CIA officials who destroyed these videotapes and withheld information about their existence from official proceedings violated the law.” On the Senate floor, Mr. Durbin rejected the CIA’s explanation that it was trying to protect the identity of its agents.

    Of course, the Washington Post thinks that the ACLU has a dog in the fight for our National Security;

    Civil liberties advocates denounced the CIA’s decision to destroy the tapes, saying the agency should have known by 2005 that the actions depicted on them were potentially the subject of litigation and congressional investigations.

    Jameel Jaffer, a national security lawyer at the American Civil Liberties Union, said the tapes were destroyed at a time when a federal court had ordered the CIA to comply with a Freedom of Information Act request by the ACLU seeking records related to interrogations.

    “The CIA appears to have deliberately destroyed evidence that would have allowed its agents to be held accountable for the torture of prisoners,” Jaffer said. “They are tapes that should have been released to the courts and Congress, but the CIA apparently believes that its agents are above the law.”

    The Leftists in this country can’t get it through their fat heads that this isn’t an exercise in law enforcement, it’s dealing with people who would kill us all if they had the chance – which is why we need to stop Iran’s nuclear ambitions whether they’re advanced or not.

    But they’d rather play silly political games and russian roulette with our security.

  • Government Intervention for Dummies

    There’s risk in everything we do. The cost of that risk is priced into everything we buy. The less risk we assume for ourselves, the more we pay for things – because we’re paying someone else to assume our risk. The more risk we’re willing to withstand the less we pay for stuff.

    A good example is a mutual fund company – some mutual fund companies have high sales charges because their funds are only sold through advisers who help us manage our risk. Other mutual funds have small or no sales charges – but those funds are not sold along with an advisor to help you manage your risk. If you chose the no-fee mutual funds, you’re willing to accept the risk that you might choose a fund that’s wrong for you. If you choose a fund with an advisor, you’re admitting that you want someone to help you invest your money.

    Well, now the President wants to manage our risk for us (Wall Street Journal). Two years ago, people bought houses at historically low interest rates. Since the interest rates were historically low, a rational person with even a cursory knowledge of how interest rates function would have to figure that interest rates are bound to go up. And now that rates have gone up – unsurprisingly – homeowners are all standing around with their mouths wide open and asking “how could this happen?”

    The President wants to freeze interest rates for five years – taking the risk out of variable rate loan. The thing is, those mortagage companies gave those loans out, assuming the risk that rates would rise, accepting lower profits and anticipating increased revenue in the future. I didn’t hear anyone calling to bail out mortgage companies, nor was there a call to freeze interest rates before they sank even lower.

    So now the President is going to freeze rates. And freeze means rates won’t go up or down.  I included “or down” for a reason – when interest rates fall (and they will fall at sometime in the next five years), who wants to bet that Democrats will be screaming that whoever is President at the time should unfreeze interest rates so homeowners can take advantage of that lowered rate?

    Well, Hillary Clinton said President Bush was “asleep at the switch” during this next new “crisis” the Democrats need for an issue and John Edwards said we should freeze rates for seven years. High interest rates won’t last for five years, let alone seven years – the prettiest women in the campaign are just trying to squeeze out more publicity before the President drains it today when he announces his plan.

    But, to my main point; if government is going to take risk out variable rate mortgages, someone is going to pay for that risk. It won’t be the mortgage companies because they’ll pass their costs on the consumers, it probably won’t be the people who benefit most, the idiots who get their investment and homebuying advice from CNBC. More than likely it’ll be the taxpayers – and the responsible people who buy homes knowing full well what a variable rate mortgage does. There’ll be higher fees for mortgages and of course government guarentees to entice mortgage companies to go along with the President’s plan which will only end up costing taxpayers.

    The President’s solution is a short term fix to a bigger problem; the perception that government can solve all of our problems and that government should always be ready to bail out the morons.

  • CNN: Corrupt News Network

    Tim Rutten’s LA Times column doesn’t pull many punches.

    A self-serving agenda was set for the Republican presidential debates.
    December 1, 2007

    THE United States is at war in the Middle East and Central Asia, the economy is writhing like a snake with a broken back, oil prices are relentlessly climbing toward $100 a barrel and an increasing number of Americans just can’t afford to be sick with anything that won’t be treated with aspirin and bed rest.

    So, when CNN brought the Republican presidential candidates together this week for what is loosely termed a “debate,” what did the country get but a discussion of immigration, Biblical inerrancy and the propriety of flying the Confederate flag?

    In fact, this most recent debacle masquerading as a presidential debate raises serious questions about whether CNN is ethically or professionally suitable to play the political role the Democratic and Republican parties recently have conceded it.

    I’m stunned. This level of bashing of a fellow liberal institution is amazing. My guess is Rutten was instructed to report on this latest of the unending series of debates and was not happy with his assignment, so when presented with an opportunity to go a little off the reservation in slapping around CNN he leapt in with both feet. Which, of course, isn’t to say that his allegations of corruption aren’t true. Anyone with eyes and a willingness to see can observe CNN’s rampant anti-conservative and anti-republican biases.

    Jonn added: I was just reading that at Invincible Armor, apparently while Don Carl was writing it – I just didn’t want mRed to think I was hijacking his stories without credit in case he saw me there.

    But, my thoughts; Corrupt? Nope. Unethical? Yep. But we’ve all known since the Clinton Impeachment upon which side CNN came down in politics. The Republicans are trying to be magnamous and have a big inclusive tent. CNN and the Democrats want to exploit our good nature.

    If any Republican candidate accepts an invitation to do anything at CNN again, they get what they deserve for trying to be friendly with a rabid Clinton beast like CNN.