A cartoonist’s view of the sub-prime folly 188

 Thanks to our commentator Dan W. for directing us to this series of cartoons

It tells the sorry tale of ‘why the collapse?’ for bitter laughs, and we think accurately enough (though it doesn’t deal with how the ideology of the left made it all possible).

 

 

Posted under Commentary by Jillian Becker on Tuesday, September 30, 2008

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Arab and Islamic worlds applaud Obama 123

 Ken Timmerman writes about secret foreign funds being donated to the Obama campaign. 

Look who want Obama to be elected – and consider why they do:

In June, Libyan leader Moammar Gadhafi gave a public speech praising Obama, claiming foreign nationals were donating to his campaign.

“All the people in the Arab and Islamic world and in Africa applauded this man,” the Libyan leader said. “They welcomed him and prayed for him and for his success, and they may have even been involved in legitimate contribution campaigns to enable him to win the American presidency…"

 Though Gadhafi asserted that fundraising from Arab and African nations were “legitimate,” the fact is that U.S. federal law bans any foreigner from donating to a U.S. election campaign.

Posted under Commentary by Jillian Becker on Tuesday, September 30, 2008

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Moment of decision 92

 The moment of decision has arrived.

Crunch time.

Is the economic crisis to be solved by a capitalist free-market solution, or made worse by a socialist ‘solution’?

Make no mistake about it – it was caused by socialism: by political correctness, by multiculturalism, by government interference in the market.

It was NOT caused by the Bush administration, by the Republican Party, by capitalism, as the Democrats who did cause it are now alleging to cover their guilt.

Among the most guilty men are Jimmy Carter, Barack Obama, Bill Clinton, Barney Frank, Chris Dodd, Harry Reid.   

Jimmy Carter.  1977. The Community Reinvestment Act. Banks must make loans to high-risk borrowers.  Opened door for ACORN (see earlier posts) to force banks to make sub-prime loans to uncreditworthy borrowers.

Barack Obama.  Trained staff for Madeline Talbott, ‘key pioneer of ACORN’s subprime racket’ as Stanley Kurtz calls her, to run her ‘subprime-loan shakedown racket’.  ACORN employed him as its lawyer. And he funded it through the Woods Fund and indirectly through the Chicago Annenberg Challenge. In three years in the Senate, Obama received more contributions from Fannie Mae and Freddie Mac than anyone else save Dodd, who got his contributions from them over eleven years.   He appointed two Fannie Mae CEOs as advisors to his campaign.  

Bill Clinton, devotee of multiculturalismpressed for more home-ownership by those who could not afford it, minorities and in effect even illegal immigrants, and Fannie Mae and Freddie Mac responded, buying up hundreds of billions of dollars of the bad loans and sellng them on the world markets. 

Harry Reid. In 2005 when John McCain sponsored a Fannie-Freddie reform bill,  he led the  Democrats in crushing it.  Fannie and Freddie were created by Democrats and Democrats are most responsible for their failure.

Barney Frank and Chris Dodd who ran Congress’s banking panels, vigorously and persistently opposed Republican Party efforts to regulate Fannie and Freddie.

McCain has repeatedly called for reforming Fannie and Freddie. President Bush – whose administration is being blamed for the crisis by Frank, Dodd, Reid etc – urged their reform 17  times this year. The irony of Bush and the Republicans being blamed now for the catastrophe the Democrats’  so insistently brought about!   

The cure now is not more socialism, not more government control of the market, not the election of the most socialist-minded candidate for the presidency ever – Barack Obama

If America elects Obama, it will be choosing socialism, and socialism has failed wherever it has been tried.

America needs to choose capitalism at this moment in history, to save itself and to give hope to the wider world. Otherwise this crisis will be turned into an American and world-wide disaster from which there may be no foreseeable return. 

The roots of the sub-prime crisis 97

 What do ‘community organizers’ do? What did Obama do as a ‘community organizer’? What is ACORN? How has it been funded?

Stanley Kurtz  writes in a must-read article in the New York Post:

To understand the roots of the subprime-mortgage crisis, look to ACORN’s Madeline Talbott. And to see how Talbott was able to work her mischief, look to Barack Obama.

Then you’ll truly know what community organizers do.

 

Posted under Articles, Commentary by Jillian Becker on Monday, September 29, 2008

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Islam’s conquest of Europe 146

 Geert Wilders, the hero from the Netherlands who made the film Fitna and  refuses to be intimidated by jihadis, speaks in New York:

All throughout Europe a new reality is rising: entire Muslim neighbourhoods where very few indigenous people reside or are even seen. And if they are, they might regret it. This goes for the police as well. It’s the world of head scarves, where women walk around in figureless tents, with baby strollers and a group of children. Their husbands, or slaveholders if you prefer, walk three steps ahead. With mosques on many street corner. The shops have signs you and I cannot read. You will be hard-pressed to find any economic activity.These are Muslim ghettos controlled by religious fanatics. These are Muslim neighbourhoods, and they are mushrooming in every city across Europe. These are the building-blocks for territorial control of increasingly larger portions of Europe, street by street, neighbourhood by neighbourhood, city by city. 

There are now thousands of mosques throughout Europe. With larger congregations than there are in churches. And in every European city there are plans to build super-mosques that will dwarf every church in the region. Clearly, the signal is: we rule. 

Many European cities are already one-quarter Muslim: just take Amsterdam, Marseille and Malmo in Sweden. In many cities the majority of the under-18 population is Muslim. Paris is now surrounded by a ring of Muslim neighbourhoods. Mohammed is the most popular name among boys in many cities. In some elementary schools in Amsterdam the farm can no longer be mentioned, because that would also mean mentioning the pig, and that would be an insult to Muslims. Many state schools in Belgium and Denmark only serve halal food to all pupils.  In once-tolerant Amsterdam gays are beaten up almost exclusively by Muslims. Non-Muslim women routinely hear “whore, whore”. Satellite dishes are not pointed to local TV stations, but to stations in the country of origin.  In France school teachers are advised to avoid authors deemed offensive to Muslims, including Voltaire and Diderot; the same is increasingly true of Darwin. The history of the Holocaust can in many cases no longer be taught because of Muslim sensitivity.  In England sharia courts are now officially part of the British legal system. Many neighbourhoods in France are no-go areas for women without head scarves.  Last week a man almost died after being beaten up by Muslims in Brussels, because he was drinking during the Ramadan. Jews are fleeing France in record numbers, on the run for the worst wave of anti-Semitism since World War II. French is now commonly spoken on the streets of Tel Aviv and Netanya, Israel. I could go on forever with stories like this. Stories about Islamization…

 The war against Israel is not a war against Israel. It is a war against the West. It is jihad. Israel is simply receiving the blows that are meant for all of us. If there would have been no Israel, Islamic imperialism would have found other venues to release its energy and its desire for conquest. Thanks to Israeli parents who send their children to the army and lay awake at night, parents in Europe and America can sleep well and dream, unaware of the dangers looming.

 Many in Europe argue in favor of abandoning Israel in order to address the grievances of our Muslim minorities. But if Israel were, God forbid, to go down, it would not bring any solace to the West. It would not mean our Muslim minorities would all of a sudden change their behavior, and accept our values. On the contrary, the end of Israel would give enormous encouragement to the forces of Islam. They would, and rightly so, see the demise of Israel as proof that the West is weak, and doomed. The end of Israel would not mean the end of our problems with Islam, but only the beginning. It would mean the start of the final battle for world domination. If they can get Israel, they can get everything. Therefore, it is not that the West has a stake in Israel. It is Israel.

It is very difficult to be an optimist in the face of the growing Islamization of Europe. All the tides are against us. On all fronts we are losing. Demographically the momentum is with Islam. Muslim immigration is even a source of pride within ruling liberal parties. Academia, the arts, the media, trade unions, the churches, the business world, the entire political establishment have all converted to the suicidal theory of multiculturalism. So-called journalists volunteer to label any and all critics of Islamization as a ‘right-wing extremists’ or ‘racists’. The entire establishment has sided with our enemy. Leftists, liberals and Christian-Democrats are now all in bed with Islam…

America may hold fast to the dream that, thanks to its location, it is safe from jihad and sharia. But seven years ago to the day, there was still smoke rising from ground zero, following the attacks that forever shattered that dream. Yet there is a danger even greater danger than terrorist attacks, the scenario of America as the last man standing. The lights may go out in Europe faster than you can imagine. An Islamic Europe means a Europe without freedom and democracy, an economic wasteland, an intellectual nightmare, and a loss of military might for America – as its allies will turn into enemies, enemies with atomic bombs. With an Islamic Europe, it would be up to America alone to preserve the heritage of Rome, Athens and Jerusalem.

 

Posted under Commentary by Jillian Becker on Monday, September 29, 2008

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Obama against free speech 28

 The Obama campaign tries to misuse the law to silence criticism, exposure and opposition. A foretaste of what to expect if Obama wins the election?

JEFFERSON CITY – Gov. Matt Blunt today issued the following statement on news reports that have exposed plans by U.S. Senator Barack Obama to use Missouri law enforcement to threaten and intimidate his critics.

“St. Louis County Circuit Attorney Bob McCulloch, St. Louis City Circuit Attorney Jennifer Joyce, Jefferson County Sheriff Glenn Boyer, and Obama and the leader of his Missouri campaign Senator Claire McCaskill have attached the stench of police state tactics to the Obama-Biden campaign.

“What Senator Obama and his helpers are doing is scandalous beyond words, the party that claims to be the party of Thomas Jefferson is abusing the justice system and offices of public trust to silence political criticism with threats of prosecution and criminal punishment.

“This abuse of the law for intimidation insults the most sacred principles and ideals of Jefferson. I can think of nothing more offensive to Jefferson’s thinking than using the power of the state to deprive Americans of their civil rights. The only conceivable purpose of Messrs. McCulloch, Obama and the others is to frighten people away from expressing themselves, to chill free and open debate, to suppress support and donations to conservative organizations targeted by this anti-civil rights, to strangle criticism of Mr. Obama, to suppress ads about his support of higher taxes, and to choke out criticism on television, radio, the Internet, blogs, e-mail and daily conversation about the election.

“Barack Obama needs to grow up. Leftist blogs and others in the press constantly say false things about me and my family. Usually, we ignore false and scurrilous accusations because the purveyors have no credibility. When necessary, we refute them. Enlisting Missouri law enforcement to intimidate people and kill free debate is reminiscent of the Sedition Acts – not a free society.” 

Posted under Uncategorized by Jillian Becker on Sunday, September 28, 2008

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Russian warships in the Caribbean 45

A hugely important development that the US media are so far ignoring  – because it would set back their passionate campaign to get Obama the Feeble elected? –  is reported by the London Times:

 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.

“The St Andrew flag, the flag of the Russian Navy, is confidently returning to the world oceans,” Igor Dygalo, a spokesman for the Russian Navy, said. He declined to comment on Russian newspaper reports that nuclear submarines were also part of the expedition.

The voyage to join the Venezuelan Navy for manoeuvres came only days after Russian strategic nuclear bombers made their first visit to the country. Hugo Chávez, the President, said then that the arrival of the strike force was a warning to the US. The vehemently antiAmerican Venezuelan leader is due to visit Dmitri Medvedev, the Russian President, in Moscow this week as part of a tour that includes visits to Cuba and China.

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.  

 

Posted under Uncategorized by Jillian Becker on Friday, September 26, 2008

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Hang ’em high! 97

 With emotions running high on Capitol Hill, Charles Krauthammer, in Townhall, makes a constructive suggestion for solving the economic crisis, or at least alleviating some of the strong feelings about it: 

For decades, starting with Jimmy Carter’s Community Reinvestment Act of 1977, there has been bipartisan agreement to use government power to expand homeownership to people who had been shut out for economic reasons or, sometimes, because of racial and ethnic discrimination. What could be a more worthy cause? But it led to tremendous pressure on Fannie Mae and Freddie Mac – who in turn pressured banks and other lenders – to extend mortgages to people who were borrowing over their heads. That’s called subprime lending. It lies at the root of our current calamity.

Were there some predatory lenders? Of course. But only a fool or a demagogue – i.e., a presidential candidate – would suggest that this is a major part of the problem.

Was there misbehavior on Wall Street? The wheels of justice will grind. But why wait for justice? If a really good catharsis will allow a return of rationality to Capitol Hill – yielding a clean rescue package that will actually save the economy – go for it.

Capping executive pay is piffle. What we need are a few exemplary hangings. Public hangings. On television. Pick a few failed investment firms, lead their CEOs in chains through the canyons of Manhattan and give the mob satisfaction. Better still, precede the auto-da-fe – fire is highly telegenic – with 24-hour reality-TV coverage of their recantations, lamentations and final visits with the soon-to-be widowed. The ratings would dwarf "American Idol," and the ad revenue alone would make the perfect down payment on the $700 billion.

 

Posted under Commentary by Jillian Becker on Thursday, September 25, 2008

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Palin said NO to creationist teaching in schools 39

 The lie that Sarah Palin wants creationism taught in schools is going round the world. 

Little Green Footballs continues to try and put the record straight:

Once again, we see the mainstream media clinging to this “creationism” distortion; the fact is that Sarah Palin explicitly said she would not push to have creationism taught alongside evolution: Sarah Palin and Creationism.

“I don’t think there should be a prohibition against debate if it comes up in class. It doesn’t have to be part of the curriculum.”

She added that, if elected, she would not push the state Board of Education to add such creation-based alternatives to the state’s required curriculum.

 

Posted under Commentary by Jillian Becker on Thursday, September 25, 2008

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Jewish Democrats get it shamefully wrong 53

 Power Line provides this extract from Caroline Glick’s brilliant article on the importance of Sarah Palin’s speech that she would have delivered Tuesday at the protest against Ahmadinejad had she not been ‘dis-invited’, and a link to the whole article.  It’s a must-read.

In the Jerusalem Post, Caroline Glick assesses the damage done by the Democrats’ refusal to allow Governor Sarah Palin to participate in what would have been a bipartisan condemnation of Mahmoud Ahmadinejad and the mullahs’ regime in Iran. It’s a pretty long essay and should be read in its entirety; here are a few excerpts:

American Jews have good reason to be ashamed and angry today. As Iran moves into the final stages of its nuclear weapons development program – nuclear weapons which it will use to destroy the State of Israel, endanger Jews around the world and cow the United States of America – Democratic American Jewish leaders decided that putting Sen. Barack Obama in the White House is more important than protecting the lives of the Jewish people in Israel and around the world.

On Monday, the New York Sun published the speech that Republican vice presidential nominee and Alaska Gov. Sarah Palin would have delivered at that day’s rally outside UN headquarters in New York against Iranian President Mahmoud Ahmadinejad and against Iran’s plan to destroy Israel. She would have delivered it, if she hadn’t been disinvited.

Palin’s speech is an extraordinary document. In its opening paragraph she made clear that Iran presents a danger not just to Israel, but to the US. And not just to some Americans, but to all Americans. Her speech was a warning to Iran – and anyone else who was listening – that Americans are not indifferent to its behavior, its genocidal ideology and the barbarity of its regime. …

Palin’s speech was a message of national – rather than simply Republican – resolve against Iran’s nuclear weapons program and its active involvement in global and regional terrorism. She made this point by quoting statements that Democratic Sen. Hillary Clinton has made against the Iranian regime. …

It was a remarkable speech, prepared by a remarkable woman. But it was not heard. It was not heard because the Democratic Party and Jewish Democrats believe that their partisan interest in demonizing Palin and making Americans generally and American Jews in particular hate and fear her to secure their votes for Obama and his running-mate Sen. Joseph Biden in the November election is more important than allowing Palin to elevate the necessity of preventing a second Holocaust to the top of the US’s national security agenda.

Posted under Commentary by Jillian Becker on Wednesday, September 24, 2008

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