“I’ve skewered whites, blacks, Hispanics, Christians, Jews, Muslims, gays, straights, rednecks, addicts, the elderly, and my wife. As a standup comic, it is my job to make the majority of people laugh, and I believe that comedy is the last true form of free speech.”—Comedian Defends ‘Achmed the Dead Terrorist’
So what should the government do? Eliminate those policies that generated the current mess. This means, at a general level, abandoning the goal of home ownership independent of ability to pay. This means, in particular, getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into subprime lending.
The right view of the financial mess is that an enormous fraction of subprime lending should never have occurred in the first place. Someone has to pay for that. That someone should not be, and does not need to be, the U.S. taxpayer.
“The difficult question each member of Congress faces today is simply this: Do you believe that the political process, having produced many of the perverse incentives that resulted in our economy’s current predicament, can solve these underlying distortions by essentially doing more of the same? I believe the answer to this question is unequivocally NO.”—My Vote: NO by Dick Armey on National Review Online
“A READER AT A MAJOR NEWSROOM EMAILS: “Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything that would jeopardize election for O, and betting you dollars to donuts same is true at NYT, others. People cheer when CNN or NBC run another Palin-mocking but raising any reasonable inquiry into obama is derided or flat out ignored. The fix is in, and its working.” I asked permission to reprint without attribution and it was granted.”—Atlas Shrugs: Media Treachery: The fix is in
“There are two American election campaigns currently running. The first, in the mainstream media, accepts Barack Obama at face value, no questions asked, while it viciously turns over Sarah Palin and her family whom it subjects to lies, smears and character assassination.”—The Spectator
Barack Obama owns the defeat of the Wall Street bail-out bill today, more so than Speaker Pelosi, President Bush or anyone else.
Obama has held himself out for over a year as The One we have been waiting for to change old politics and unify us. When the crisis broke out over ten days ago, he scoffed at McCain’s flight to D.C. to return to his Day job amidst the crisis.
The previously thought omnipresent one advised that if he was needed, he could be reached by telephone. How very 19th Century of him.
After Tracy Jopek gave Sen. Barack Obama a bracelet in honor of her son who was killed in Iraq, she asked Obama not to mention the bracelet on the campaign trail….
A few days after offering it to the Illinois Democrat, Jopek, of Merrill in north-central Wisconsin, had a change of heart. She realized it could be interpreted as a protest against the war, a statement that made her uncomfortable because other military families who suffered losses still supported the conflict.
“Thanks to the House GOP’s intervention, the Paulson plan is also better than it would have been. Republicans helped to eliminate the Barney Frank-Chris Dodd slush fund for liberal housing lobbies; a plank to let judges shield deadbeat homeowners from bankruptcy laws; and a ploy to stack bank boards with union members.”—A Main Street Rescue - WSJ.com
Roughly paraphrased from Peter Sagal’s opening bit on the NPR News quiz “Wait wait… Don’t tell me”
In a hotly contested presidential election the only thing that the 2 parties can agree upon is to give an enormous amount of money to people who don’t really need it, for reasons no one can understand, under terms no one can talk about and with the support of none of its constituents.
“Yesterday the President of Iran, Mahmoud Ahmadinejad, challenged John McCain to a debate. McCain says if he wanted to be attacked by an extremist in an unfair environment, he’d appear on MSNBC.”—Quote of the Day | Infidels Are Cool
Democratic presidential candidate Barack Obama says that under his tax plan, 95 percent of Americans will get a tax cut. But is it really a tax cut?
Currently, workers in the bottom 40 percent of income pay little or no income taxes. So how does a worker pay less tax than zero? Obama’s answer is a “refundable” tax credit. For example, if the government gives workers, say, a $1,000 refundable tax credit, those who owe no income taxes will actually get a check for $1,000. Those who owe, say, $600 in taxes won’t pay any tax and will get a check for the $400 difference. In other words, Obama would take money from some taxpayers and hand it out to others.
“Who was it who said, “crack-brained meddling by the authorities” can “aggravate an existing crisis”? Ronald Reagan? Milton Friedman? Adam Smith? Not even close. It was Karl Marx. Unlike most leftists today, Marx studied economics.”—Thomas Sowell :: Townhall.com :: A Political “Solution”
“this is the Senator who thought his campaign based on “Change” would be best served by a VP nominee who is a Washington Insider working his fourth straight decade as an elite, self-serving mandarin. So, I suppose it should not shock me that a man who made so many promises to reach across the aisle and to eschew the dirty tricks and smear tactics of candidates from past elections, would in the actual case use the very tactics and slime that he pretended to hate.”—How Liberal Trolls Are Working To Get McCain Elected President (Wizbang)
“Howard Kurtz reports that a new study shows that 77 percent Obama’s “commercials were negative during the week after the Republican National Convention, compared with 56 percent of the spots run by McCain.”—The Weekly Standard
“On Sunday, a campaign adviser confirmed that Ms. Palin had, indeed, watched the “Saturday Night Live” skit from her screen at the front of the plane. “She thought it was quite funny,” the adviser said in an email response to inquiries, “especially because the governor has dressed up as Tina Fey for Halloween.”—The Weekly Standard
Presidential doctrines are inherently malleable and difficult to define. The only fixed “doctrines” in American history are the Monroe and the Truman doctrines, which came out of single presidential statements during administrations where there were few conflicting foreign policy crosscurrents.
Such is not the case with the Bush doctrine.
Yes, Palin didn’t know what it is. But neither does Gibson. And at least she didn’t pretend to know — while he looked down his nose and over his glasses with weary disdain, “sounding like an impatient teacher,” as the Times noted. In doing so, he captured perfectly the establishment snobbery and intellectual condescension that has characterized the chattering classes’ reaction to the phenom who presumes to play on their stage.
“Republicans won big, running as Republicans, in 2004. But once they took control of Congress, they started acting like Democrats and lost big. There is a lesson in that somewhere but whether Republicans will learn it is another story entirely.”—Thomas Sowell :: Townhall.com :: Random Thoughts
“THE CENTRAL ISSUE in this campaign is whose economic policies would be best for our currently weak economy. Can we really believe that raising marginal tax rates across the board for every federal tax will be good for the economy?”—The American Spectator
Either way, Microsoft is getting killed from all sides by people that think the ad was nothing more than a waste of time and money. “Apple’s ads are so much better!” they say until their hearts are content. “Who would want to buy Vista after watching that ad?” they exclaim.
Do me a favor: sit down, put your MacBook Pro away, and be quiet.
“The reason so many people misunderstand so many issues is not that these issues are so complex, but that people do not want a factual or analytical explanation that leaves them emotionally unsatisfied. They want villains to hate and heroes to cheer— and they don’t want explanations that do not give them that.”—Thomas Sowell :: Townhall.com :: Random Thoughts