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Archive for September, 2009|Monthly archive page

Imbicile Statesman

In Democrat on September 23, 2009 at 8:03 pm

From The Washington Times:

North Korea has continued to be openly belligerent, testing a nuclear weapon and long-range missile, withdrawing from the 1953 armistice agreement with South Korea, and declaring it will weaponize its plutonium stocks. In response, the United States unilaterally conceded to long-standing North Korean demands for bilateral talks.

North Korea’s success has encouraged Iran to move forward with its own nuclear program. The Islamic regime has agreed to talks Mr. Obama requested, but the mullahs refuse to negotiate the nuclear issue. The United States finds itself to the left of the United Nations and France on the question of acknowledging that Iran even has a nuclear-weapons program, which is quite an achievement.

I don’t believe for a minute that Obama is the “babe in the woods” that his opponents claimed during the campaign he would be. I think he knows exactly what he’s doing.

When a state sponsor of terrorism, Momar Gadhafi, wants the leader of the opposition to stay in power forever, it does not bode well for the country.

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Update: Government Takeover of Student Lending Complete

In Education, House, Obama, Senate on September 18, 2009 at 3:03 pm

Yesterday I announced passage in the House of a bill that would cut private lenders out of the student loan industry. Today, the Senate has passed the bill and the president will soon sign it into law.

From the Heritage Foundation:

The Congressional Budget Office (CBO) has projected that eliminating FFEL would lead to significant cost savings for the government, enough to more than offset increases in the costs of the Direct Loan program and the other spending increases included in the bill.[2] However, there are questions about whether the CBO’s projected cost savings will fully materialize if these reforms are enacted.

In July, CBO Director Douglas W. Elmendorf acknowledged that the original CBO projection did not adjust for the cost of market risk of increasing defaults that the federal government will assume with the shift to direct lending.[3] In addition, there is a danger that taxpayers’ costs could balloon if the federal government proves less efficient in administering and collecting loans than current private-sector lenders, which have an incentive to administer and collect loans efficiently in order to maximize profits. (emphasis mine)

The details from yesterday’s post:

While we’re all distracted by Jimmy Carter’s accusations of racism, the Obama administration and a Democrat controlled Congress continue to saw yet more legs off the table of our free market economy.

Add to the takeover of banks and the auto industry the expulsion of private lenders from the student loan market. From WSJ:

WASHINGTON — The House of Representatives approved legislation Thursday that would effectively end private-lender involvement in the student-loan market, establishing the federal government as the sole provider of college loans.

Under the legislation, all lenders would be cut out of the market for originating loans. There would still be a role for private banks and lenders to bid for a limited number of contracts to service the loans after they are made by the government.

For companies like SLM Corp., better known as Sallie Mae, the proposed changes are already having an impact. This week, Fitch Ratings downgraded Sallie Mae to triple-B-plus status and called its outlook negative.

Sallie Mae’s shares were recently trading down more than 2% at $9.

Rep. George Miller (D., Calif.), claims that this move will cut out the middle man and funnel college funding “directly to dorm rooms.” And yet:

Having lined up additional contractors to handle the anticipated increase in direct-loan volume, federal officials say they are prepared.

Does anyone think that the government can contract out loan services in such a manner that the process is more efficient than private industry can? I didn’t think so.

No! No! No! STOP Taking Over Private Industry! House Votes to Cut Private Lenders Out of Student Loans

In Congress on September 17, 2009 at 7:40 pm

While we’re all distracted by Jimmy Carter’s accusations of racism, the Obama administration and a Democrat controlled Congress continue to saw yet more legs off the table of our free market economy.

Add to the takeover of banks and the auto industry the expulsion of private lenders from the student loan market. From WSJ:

WASHINGTON — The House of Representatives approved legislation Thursday that would effectively end private-lender involvement in the student-loan market, establishing the federal government as the sole provider of college loans.

Under the legislation, all lenders would be cut out of the market for originating loans. There would still be a role for private banks and lenders to bid for a limited number of contracts to service the loans after they are made by the government.

For companies like SLM Corp., better known as Sallie Mae, the proposed changes are already having an impact. This week, Fitch Ratings downgraded Sallie Mae to triple-B-plus status and called its outlook negative.

Sallie Mae’s shares were recently trading down more than 2% at $9.

Rep. George Miller (D., Calif.), claims that this move will cut out the middle man and funnel college funding “directly to dorm rooms.” And yet:

Having lined up additional contractors to handle the anticipated increase in direct-loan volume, federal officials say they are prepared.

Does anyone think that the government can contract out loan services in such a manner that the process is more efficient than private industry can? I didn’t think so.

I Regret My Previous Acorn Post That Doesn’t Exist

In Democrat, Obama on September 17, 2009 at 1:39 pm

I regret not posting earlier regarding ACORN when James O’Keefe and Hannah Giles released the second video on BigGovernment.com showing ACORN workers in Washington DC. The DC ACORN workers, as the video shows, were willing to commit fraud and cover up an illegal prostitution business in a manner strikingly similar to the first video filmed on hidden camera in Baltimore. I guessed at what O’keefe’s strategy was then and… I didn’t say it. It’s too bad, because I was right.

After the first video aired, ACORN fired the employees involved and declared them “rogue.” ACORN released a statement decrying Okeefe’s tactics, calling it “entrapment” and stating that he had tried the same thing in Los Angeles, New York and Washington DC to no avail. This, according to ACORN, was an isolated incident.

Then the second video was released. Still, ACORN insisted, this is an anomaly and two more employees were fired for helping the “prostitute” and “pimp” set up their fictitious “brothel”. Again it was reported that O’keefe and Giles had failed in similar attempts in Los Angeles and New York.

My wife can attest that, at the time the second video was announced, I was jumping up and down, stabbing my finger in the air at the monitor and declaring “You watch! They’ll wait for ACORN to do damage control and they’ll release another one.” And then the Brooklyn video was released and then Los Angeles and now San Diego.

I wish that I had published my prediction at that time.

"Death Panels" Do Not Exist?

In Obama on September 17, 2009 at 1:21 pm

President Obama insisted, in his address to a joint session of Congress, that there would be no “Death Panels” in his health care legislation. This morning I called the manufacturer of my pickup truck and asked about the “Finger Chopper Off-er” included with my vehicle. The person that I spoke with insisted that there was absolutely no such item on a Toyota truck.

Like Death Panels in Obama’s health care legislation, there is nothing called a “Finger Chopper Off-er” on my truck but more than a few people have found that the fan blades serve the purpose quite nicely. The folks over at “NW Republican” have found the same to be true of IMAC.

Jimmy Carter on Political Debate

In Democrat on September 16, 2009 at 1:22 pm

Former president Jimmy Carter, in a report by CNN, claims that anyone who opposes President Barrack Hussein Obama is a racist. Not just in the south but around the country.

“I think an overwhelming portion of the intensely demonstrated animosity toward President Barack Obama is based on the fact that he is a black man, that he’s African-American,” Carter told NBC News. “I live in the South, and I’ve seen the South come a long way, and I’ve seen the rest of the country that shares the South’s attitude toward minority groups at that time, particularly African-Americans.”

An overwhelming portion? What could he be basing that on? Well, according to the peanut man, he’s based his judgment of all political dissent directed at Obama to his experience living in the south.

“That racism inclination still exists, and I think it’s bubbled up to the surface because of belief among many white people — not just in the South but around the country — that African-Americans are not qualified to lead this great country. It’s an abominable circumstance, and it grieves me and concerns me very deeply,” Carter said.

Undoubtedly, racism exists and it is inexcusably ugly. But political discourse also exists as does political protest. And while these can be ugly as well, they are a healthy check on a representative government. To smear your opposition with a word like “racist” when the accusation is groundless is demeaning to anyone who has been victimized by actual racism. It’s selfish and irresponsible.

Jimmy Carter was an idiot as president. He is the misguided social engineer of the mortgage collapse, signing into law the Community Reinvestment Act. Jimmy Carter was a foreign and military policy dolt who couldn’t handle Beruit. More recently, Jimmy Carter is a self aggrandizing menace who took it upon himself to meet with Hamas, a known terrorist organization, and attempt to legitimize them by holding “talks.”

If disagreement and dissent make me a racist, then I have this to say to Jimmy Carter: Go back to Europe.

Another Crisis Not Wasted

In Democrat, Obama on September 14, 2009 at 7:43 pm

White House Press Secretary Robert Gibbs, in (rightly) dismissing the notion that Congressman Joe Wilson’s outburst was racially motivated, said the following on CNN’s “State of the Union”:

“I don’t think the president believes that people are upset because of the color of his skin, I think people are upset because on Monday we celebrate the anniversary of the Lehman Brothers collapse that caused a financial catastrophe unlike anything we’ve ever seen.”

This post isn’t about Joe Wilson. I want to focus on Gibbs’ words: “…on Monday we celebrate the anniversary of the Lehman Brothers collapse…”

Celebrate? Maybe he meant “mark” not “celebrate… It’s hard to say given the degree of opportunity provided by the economic collapse for government intervention and control. If an event made my job all the easier, I might celebrate it too!

A False Sense of Urgency

In Obama on September 14, 2009 at 1:03 am

From WSJ, President Obama on ’60 Minutes’:

“We’re not going to get a better opportunity to solve our health-care issues than we have right now.”

What is it about now that provides a better opportunity than any other time? Why can’t we see and examine the details of legislation that comprises such a large expenditure?

The rush for now is, as it has been from the outset, to pass a bill before it can be fully examined and the cost, as well as the limitations, fully realized. Why else would legislation that won’t go into effect until 2013 need to be signed before Thanksgiving?

Let’s not be duped again by the strategies that brought us the bailouts and the stimulus package. It may disappoint Rahm Emmanuel but it would benefit the country to allow this “crisis” to go to waste.

A Voice For Health Care Sanity

In health care on September 13, 2009 at 10:16 pm

A rational and solid case from Congressman Mike Rogers, who has bothered to read the bill.

Black Publishers and NAACP Boycott S.C. Over ‘Racist’ Outburst

In Obama, Racism on September 13, 2009 at 3:31 am

Welcome to Obama’s “post racial America” where white police officers are presumed to have ‘acted stupidly’, a grandmother is a ‘typical white woman’ and ‘you lie’ cannot possibly be in reference to an actual lie but the color of the liar’s skin.

How did this have ANYTHING to do with race? ANYTHING!

“As African-American newspaper publishers we stand in solidarity with the NAACP and fully support the economic boycott of South Carolina,” NNPA Chairman Danny J. Bakewell Sr. said. “Rep. Wilson’s remarks were racist, disrespectful, and a disingenuous violation — not only of President Obama — but to the institution of the presidency and only solidified our position and the importance in not spending black dollars where black people are not respected.

How cheap must be to those who use race for political purposes the real suffering caused by racism.

For the record, Obama’s statement was a lie. HB3200 does not expressly prohibit offering health care services to illegal aliens and provides no method for screening. Therefore, if the legislation does not explicitly prohibit an activity or provides no means to enforce the prohibition, it implicitly allows it.