Biden-Palin: An Unhealthy Debate by Yuval Levin on National Review Online
The rule of thumb for fact checkers of Thursday night’s vice-presidential debate was that every time Joe Biden sounded especially confident, he was saying something that wasn’t true.
Levin tracks the many lies, distortions and half truths Joe Biden used in the debate and the Obama campaign uses in ads to smear John McCain. The healthcare lies are especially revealing.
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Stratfor - Geopolitical intelligence, economic, political, and military strategic forecasting | Stratfor
The politics of global conflict, trade, and idiological differences
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American Thinker: Wrecks, Lies and Barney Frank
But then a caller challenged Frank's continued insistence that the meltdown was brought on by Republican deregulation, citing the 1999 NY Times article concerning Clinton Administration efforts to force Fannie to ease mortgage standards in order to provide more minority and lower-income lending. The caller reminded Barney of his own words as ranking member from a 2003 Times piece reporting Bush's initiative to reign in Fannie and Freddie by creating new oversight under the Treasury Department:
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American Thinker: Time for McCain to Name Names
There is but one issue in the 2008 election. The economy. Or more to the point, the economic meltdown. Whoever wins this debate will win the election. Or perhaps more accurately, whoever loses this debate will lose the election. Period.
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naked capitalism: Martin Feldstein Calls a Downturn, Takes Issue With Government Statistics
What is missing is action to prevent positive-equity mortgages from becoming negative-equity mortgages. The federal government could achieve that by providing low-interest loans with full recourse that would allow any homeowner to pay down a significant fraction of his mortgage. Homeowners would be in effect giving up the potential to default on their mortgage loans in exchange for lower interest costs.
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Martin Feldstein: Bail-out must address negative equity. Loan-substitution program could help | Population & Demographics > Demographic Groups from AllBusiness.com
The CMPS Institute on April 22 sent Congress a detailed proposal calling for government-backed loans to homeowners of up to 20 percent of the homeowner's current mortgage balance. "Negative homeowner equity is the one root problem that Congress can help solve," said Gibran Nicholas, chair of the CMPS .......... "If homeowners have no incentive to keep up their mortgage payments, the problems in the housing markets could continue to spread and plunge our country into a deep recession,".... "A voluntary loan-substitution program could reduce the number of defaults and dampen the decline in house prices - without violating contracts, bailing out lenders or borrowers, or increasing government spending,"
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Jeffrey Miron, Economist: Bankruptcy, not bailout, is the right answer - CNN.com
This bailout was a terrible idea. Here's why.
The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk.
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ACORN, Obama and the Mortgage Mess: Guilty Party by Mona Charen on National Review Online
The financial markets were teetering on the edge of an abyss last week. The secretary of the Treasury was literally on his knees begging the speaker of the House not to sabotage the bailout bill. The crash of falling banks made the earth tremble. The Republican presidential candidate suspended his campaign to deal with the crisis. And amid all this, the Democrats in Congress managed to find time to slip language into the bailout legislation that would provide a dandy little slush fund for ACORN.
ACORN stands for the Association of Community Organizations for Reform Now, a busy hive of left-wing agitation and “direct action” that claims chapters in 50 cities and 100,000 dues-paying members. ACORN is where Sixties leftovers who couldn’t get tenure at universities wound up.
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Obama's Leftism - WSJ.com
Community Organizer = Saul Alinsky Professional Radical and Revolutionary: If we discount his absences, Mr. Obama voted to ADA's approval more than 98% of the time.
This touches directly on the question of what, beyond the platitudes of unity, hope and change, Mr. Obama himself believes in. His voting record is one indication. Another is his intellectual evolution.
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Do you oppose the $700 billion Wall Street bailout? Click here | Politics and Law - CNET News
A flurry of Web activism is channelling misgivings about the proposed $700 billion Wall Street bailout into political action. This web page breaks down the current cost to taxpayers already incurred by the bailouts of AIG, Bear Stearsn, Fannie and Freddie, and the Fereal Housing Administration rescue bill. Total cost to day: $1.8 Trillion. Cost per household: $17,064
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The Public Deserves a Better Deal - WSJ.com
There is a better alternative to stabilize the markets: Invest the $700 billion of taxpayer money in senior preferred stock of the troubled financial institutions that pose systemic risks. Let's call this the "Preferred plan." In fact, it is the Fannie Mae and Freddie Mac model -- which the Treasury Department has already endorsed and used in practice. It is also the approach Warren Buffett used for his investment in Goldman Sachs.
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Stop the Socialist Spendathon by Deroy Murdock on National Review Online
It may take time and tightened belts, but padlocking Washington’s bailout window will offer a generation of “masters of the universe” lessons that America’s Mr. Rogers-in-Chief cannot teach: Keep your winnings, but own your losses. If you fall on your face, especially after dancing drunk on the roof, Uncle Sam may empathize, but he no longer will rush in to swaddle you in silk sheets and place your bruised head on pillows stuffed with crisp $100 bills.
Other options exist, of course — and while they lack the bracing appeal of this sort of financial Darwinism, they remain far more attractive than our current policy of “survival of the fattest.”
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Asia Times Online :: Asian News, Business and Economy.
How Obama lost the election
By Spengler
DENVER - Senator Barack Obama's acceptance speech last week seemed vastly different from the stands of this city's Invesco Stadium than it did to the 40 million who saw it on television. Melancholy hung like thick smog over the reserved seats where I sat with Democratic Party staffers. The crowd, of course, cheered mechanically at the tag lines, flourished placards, and even rose for the obligatory wave around the stadium. But its mood was sour. The air carried the acrid smell of defeat, and the crowd took shallow breaths. Even the appearance of R&B great Stevie Wonder failed to get the blood pumping. ..."
Excelent article picked up by Rush Limbaugh 9/09/08
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Obama Should Come Clean On Ayers, Rezko And the Iraqi Billionaire - WSJ.com
good summary of the marxist and corrupt friends
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Who Framed George Lakoff? - ChronicleReview.com
<i>...cognitive linguistics, that is reshaping our understanding of the complex relationship between language and thought. More recently he has been vying for respect among people notoriously hard to persuade about anything — politicians and their financial backers. So this summer he has been on the road promoting his new book, The Political Mind: Why You Can't Understand 21st-Century American Politics With an 18th-Century Brain (Viking), which argues that liberals have clung to the false belief that people think in a conscious, logical, and unemotional manner and that this belief has doomed Democrats' chances with voters.</i>
Excellent discussion on how to "frame" the objects of an argument so that your argument prevails
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Microsoft's 'Men in Black' kill Florida open standards legislation
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GullFOSS: It's our way or the highway. So what if new cool features = Zero Interop? Download OOo and get over it already!
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