Friday, January 22, 2010

Obama's Third War- the Banking Industry


Opinion 1.0

In the socialist's handbook, it says that for you to further your causes, you must always have a villian, a boogey man. President Obama and his sycophants have been criticizing the banks for a while, making them sound like child rapists. The largest banks were forced to take TARP money against their will. Most of them  paid it back in full with interest. Now, Barry wants to tax them anywhere from 10% to 20% of their annual earnings (billions). There are questions of constitutionality of this proposed legislation. The banks have hired a very good attorney who has prosecuted many cases in front of the high court. Why should they be regulated even more and taxed when they have satisfied the loan they didn't want, and paid a dividend on that money? What right as POTUS does Obama think he has over this industry. Why isn't AIG, Fannie Mae, Freddie Mac and Government Motors (GM) at the defendant's table with the banks. We will never recover the billions given to those organizations. However, banks hold the key to growing our economy, lending money, small business start-ups, acquisitions, just to name a few benefits. The banking industry is one of the most heavily regulated industries in the world and this legislation could hurt U.S. banks with world banking competiveness. Our President sounds like Hugo Chavez. I wish we would elect a President who understands our Constitution. Obama obviously does not. This whole crusade came about when the President got his backside handed to him with the Scott Brown win in Massachusetts and healthcare has been read it's last rights and the life support plug has been pulled by a death panel. The insurance companies must be sounding a sigh of relief, knowing that healthcare is dead and the President is now focusing on his new prey. Michael Bloomberg, Mort Zuckerman and other prominent businessman have come out against this legislation because they know this will hurt the economy. Even Warren Buffet is speaking out against the policies of Barry O. If you don't believe me, take a gander at the stock market for the last few days since the "anointed one" made his speech. The Dow has lost about three hundred points. But, then again, it seems everytime Obama speaks about the financial industry, it drops like a meteorite. Is there any reason why 78% of investors think Obama is anti business? Saul would be so proud. The American people have realized a new found resurgence of fight and perseverance against the President's policies. Many incumbent politicians are realizing they are not so safe in November after Brown took Teddy's seat. They will act like statesmen now, but prevaricate healthcare reform. We are not going to give up on what is responsible for the greatness and exceptionalism that is called America. We are a "Capitalist" society, not a western European socialistic society. If that is what the President wants, let him go there and run for office. We won't mind. If he truly wanted to jump start the economy, he knows he could lower certain taxes and the economy would repair itself and come alive. I have a sneaky suspicion that he doesn't want that, he has something else planned. Is his ideology so engrained in his mind that he would let our country falter for the next year or two. There is a tremendous number of people who want to work and can't find work. I will scream if I hear the President blame the Bush administration again for his failures. Even the immortal democrat, John F. Kennedy lowered taxes to invigorate the economy. President Reagan did it and the economy went crazy. In conclusion, this is what we get when we elect a community organizer turned senator with a five minute political career. "Small taxes, small government."

Obamaism:



Geithner, Bernanke and Obama discussing our economy:



Daft Statement of the day:
"I'm not giving up on healthcare."
Barack Hussein Obama


Rep. Michelle Bachmann announces Declaration of Healthcare Independence:



Climategate: CRU Was But the Tip of the Iceberg

By Marc Sheppard


Not surprisingly, the blatant corruption exposed at Britain’s premiere climate institute was not contained within the nation’s borders. Just months after the Climategate scandal broke, a new study has uncovered compelling evidence that our government’s principal climate centers have also been manipulating worldwide temperature data in order to fraudulently advance the global warming political agenda.


Not only does the preliminary report [PDF] indict a broader network of conspirators, but it also challenges the very mechanism by which global temperatures are measured, published, and historically ranked.


Last Thursday, Certified Consulting Meteorologist Joseph D’Aleo and computer expert E. Michael Smith appeared together on KUSI TV [Video] to discuss the Climategate -- American Style scandal they had discovered. This time out, the alleged perpetrators are the National Oceanic and Atmospheric Administration (NOAA) and the NASA Goddard Institute for Space Studies (GISS).


NOAA stands accused by the two researchers of strategically deleting cherry-picked, cooler-reporting weather observation stations from the temperature data it provides the world through its National Climatic Data Center (NCDC). D’Aleo explained to show host and Weather Channel founder John Coleman that while the Hadley Center in the U.K. has been the subject of recent scrutiny, “[w]e think NOAA is complicit, if not the real ground zero for the issue.”


And their primary accomplices are the scientists at GISS, who put the altered data through an even more biased regimen of alterations, including intentionally replacing the dropped NOAA readings with those of stations located in much warmer locales.


As you’ll soon see, the ultimate effects of these statistical transgressions on the reports which influence climate alarm and subsequently world energy policy are nothing short of staggering.


AA – Data In / Garbage Out


Although satellite temperature measurements have been available since 1978, most global temperature analyses still rely on data captured from land-based thermometers, scattered more or less about the planet. It is that data which NOAA receives and disseminates – although not before performing some sleight-of-hand on it.


Smith has done much of the heavy lifting involved in analyzing the NOAA/GISS data and software, and he chronicles his often frustrating experiences at his fascinating website. There, detail-seekers will find plenty to satisfy, divided into easily-navigated sections -- some designed specifically for us “geeks,” but most readily approachable to readers of all technical strata.


Perhaps the key point discovered by Smith was that by 1990, NOAA had deleted from its datasets all but 1,500 of the 6,000 thermometers in service around the globe.


Now, 75% represents quite a drop in sampling population, particularly considering that these stations provide the readings used to compile both the Global Historical Climatology Network (GHCN) and United States Historical Climatology Network (USHCN) datasets. These are the same datasets, incidentally, which serve as primary sources of temperature data not only for climate researchers and universities worldwide, but also for the many international agencies using the data to create analytical temperature anomaly maps and charts.


Yet as disturbing as the number of dropped stations was, it is the nature of NOAA’s “selection bias” that Smith found infinitely more troubling.


It seems that stations placed in historically cooler, rural areas of higher latitude and elevation were scrapped from the data series in favor of more urban locales at lower latitudes and elevations. Consequently, post-1990 readings have been biased to the warm side not only by selective geographic location, but also by the anthropogenic heating influence of a phenomenon known as the Urban Heat Island Effect (UHI).


For example, Canada’s reporting stations dropped from 496 in 1989 to 44 in 1991, with the percentage of stations at lower elevations tripling while the numbers of those at higher elevations dropped to one. That’s right: As Smith wrote in his blog, they left “one thermometer for everything north of LAT 65.” And that one resides in a place called Eureka, which has been described as “The Garden Spot of the Arctic” due to its unusually moderate summers.


Smith also discovered that in California, only four stations remain – one in San Francisco and three in Southern L.A. near the beach – and he rightly observed that


It is certainly impossible to compare it with the past record that had thermometers in the snowy mountains. So we can have no idea if California is warming or cooling by looking at the USHCN data set or the GHCN data set.


That’s because the baseline temperatures to which current readings are compared were a true averaging of both warmer and cooler locations. And comparing these historic true averages to contemporary false averages – which have had the lower end of their numbers intentionally stripped out – will always yield a warming trend, even when temperatures have actually dropped.


Overall, U.S. online stations have dropped from a peak of 1,850 in 1963 to a low of 136 as of 2007. In his blog, Smith wittily observed that “the Thermometer Langoliers have eaten 9/10 of the thermometers in the USA[,] including all the cold ones in California.” But he was deadly serious after comparing current to previous versions of USHCN data and discovering that this “selection bias” creates a +0.6°C warming in U.S. temperature history.


And no wonder -- imagine the accuracy of campaign tracking polls were Gallup to include only the replies of Democrats in their statistics. But it gets worse.


Prior to publication, NOAA effects a number of “adjustments” to the cherry-picked stations’ data, supposedly to eliminate flagrant outliers, adjust for time of day heat variance, and “homogenize” stations with their neighbors in order to compensate for discontinuities. This last one, they state, is accomplished by essentially adjusting each to jive closely with the mean of its five closest “neighbors.” But given the plummeting number of stations, and the likely disregard for the latitude, elevation, or UHI of such neighbors, it’s no surprise that such “homogenizing” seems to always result in warmer readings.


The chart below is from Willis Eschenbach’s WUWT essay, “The smoking gun at Darwin Zero,” and it plots GHCN Raw versus homogeneity-adjusted temperature data at Darwin International Airport in Australia. The “adjustments” actually reversed the 20th-century trend from temperatures falling at 0.7°C per century to temperatures rising at 1.2°C per century. Eschenbach isolated a single station and found that it was adjusted to the positive by 6.0°C per century, and with no apparent reason, as all five stations at the airport more or less aligned for each period. His conclusion was that he had uncovered “indisputable evidence that the ‘homogenized’ data has been changed to fit someone’s preconceptions about whether the earth is warming.”


WUWT’s editor, Anthony Watts, has calculated the overall U.S. homogeneity bias to be 0.5°F to the positive, which alone accounts for almost one half of the 1.2°F warming over the last century. Add Smith’s selection bias to the mix and poof – actual warming completely disappears!


Yet believe it or not, the manipulation does not stop there.


GISS – Garbage In / Globaloney Out


The scientists at NASA’s GISS are widely considered to be the world’s leading researchers into atmospheric and climate changes. And their Surface Temperature (GISTemp) analysis system is undoubtedly the premiere source for global surface temperature anomaly reports.


In creating its widely disseminated maps and charts, the program merges station readings collected from the Scientific Committee on Antarctic Research (SCAR) with GHCN and USHCN data from NOAA.


It then puts the merged data through a few “adjustments” of its own.


First, it further “homogenizes” stations, supposedly adjusting for UHI by (according to NASA) changing “the long term trend of any non-rural station to match the long term trend of their rural neighbors, while retaining the short term monthly and annual variations.” Of course, the reduced number of stations will have the same effect on GISS’s UHI correction as it did on NOAA’s discontinuity homogenization – the creation of artificial warming.


Furthermore, in his communications with me, Smith cited boatloads of problems and errors he found in the Fortran code written to accomplish this task, ranging from hot airport stations being mismarked as “rural” to the “correction” having the wrong sign (+/-) and therefore increasing when it meant to decrease or vice-versa.


And according to NASA, “If no such neighbors exist or the overlap of the rural combination and the non-rural record is less than 20 years, the station is completely dropped; if the rural records are shorter, part of the non-rural record is dropped.”


However, Smith points out that a dropped record may be “from a location that has existed for 100 years.” For instance, if an aging piece of equipment gets swapped out, thereby changing its identification number, the time horizon reinitializes to zero years. Even having a large enough temporal gap (e.g., during a world war) might cause the data to “just get tossed out.”


But the real chicanery begins in the next phase, wherein the planet is flattened and stretched onto an 8,000-box grid, into which the time series are converted to a series of anomalies (degree variances from the baseline). Now, you might wonder just how one manages to fill 8,000 boxes using 1,500 stations.


Here’s NASA’s solution:


For each grid box, the stations within that grid box and also any station within 1200km of the center of that box are combined using the reference station method.


Even on paper, the design flaws inherent in such a process should be glaringly obvious.


So it’s no surprise that Smith found many examples of problems surfacing in actual practice. He offered me Hawaii for starters. It seems that all of the Aloha State’s surviving stations reside in major airports. Nonetheless, this unrepresentative hot data is what’s used to “infill” the surrounding “empty” Grid Boxes up to 1200 km out to sea. So in effect, you have “jet airport tarmacs ‘standing in’ for temperature over water 1200 km closer to the North Pole.”


An isolated problem? Hardly, reports Smith.


From KUSI’s Global Warming: The Other Side:


“There’s a wonderful baseline for Bolivia -- a very high mountainous country -- right up until 1990 when the data ends. And if you look on the [GISS] November 2009 anomaly map, you’ll see a very red rosy hot Bolivia [boxed in blue]. But how do you get a hot Bolivia when you haven’t measured the temperature for 20 years?”


Of course, you already know the answer: GISS simply fills in the missing numbers – originally cool, as Bolivia contains proportionately more land above 10,000 feet than any other country in the world – with hot ones available in neighboring stations on a beach in Peru or somewhere in the Amazon jungle.


Remember that single station north of 65° latitude which they located in a warm section of northern Canada? Joe D’Aleo explained its purpose: “To estimate temperatures in the Northwest Territory [boxed in green above], they either have to rely on that location or look further south.”


Pretty slick, huh?


And those are but a few examples. In fact, throughout the entire grid, cooler station data are dropped and “filled in” by temperatures extrapolated from warmer stations in a manner obviously designed to overestimate warming...


...And convince you that it’s your fault.


Government and Intergovernmental Agencies -- Globaloney In / Green Gospel Out


Smith attributes up to 3°F (more in some places) of added “warming trend” between NOAA’s data adjustment and GIStemp processing.


That’s over twice last century’s reported warming.


And yet, not only are NOAA’s bogus data accepted as green gospel, but so are its equally bogus hysterical claims, like this one from the 2006 annual State of the Climate in 2005 [PDF]: “Globally averaged mean annual air temperature in 2005 slightly exceeded the previous record heat of 1998, making 2005 the warmest year on record.”


And as D’Aleo points out in the preliminary report, the recent NOAA proclamation that June 2009 was the second-warmest June in 130 years will go down in the history books, despite multiple satellite assessments ranking it as the 15th-coldest in 31 years.


Even when our own National Weather Service (NWS) makes its frequent announcements that a certain month or year was the hottest ever, or that five of the warmest years on record occurred last decade, they’re basing such hyperbole entirely on NOAA’s warm-biased data.


And how can anyone possibly read GISS chief James Hansen’s Sunday claim that 2009 was tied with 2007 for second-warmest year overall, and the Southern Hemisphere’s absolute warmest in 130 years of global instrumental temperature records, without laughing hysterically? It's especially laughable when one considers that NOAA had just released a statement claiming that very same year (2009) to be tied with 2006 for the fifth-warmest year on record.


So how do alarmists reconcile one government center reporting 2009 as tied for second while another had it tied for fifth? If you’re WaPo’s Andrew Freedman, you simply chalk it up to “different data analysis methods” before adjudicating both NASA and NOAA innocent of any impropriety based solely on their pointless assertions that they didn’t do it.


Earth to Andrew: “Different data analysis methods”? Try replacing “analysis” with “manipulation,” and ye shall find enlightenment. More importantly, does the explicit fact that since the drastically divergent results of both “methods” can’t be right, both are immediately suspect somehow elude you?


But by far the most significant impact of this data fraud is that it ultimately bubbles up to the pages of the climate alarmists’ bible: The United Nations Intergovernmental Panel on Climate Change Assessment Report.


And wrong data begets wrong reports, which – particularly in this case – begets dreadfully wrong policy.


It’s High Time We Investigated the Investigators


The final report will be made public shortly, and it will be available at the websites of both report-supporter Science and Public Policy Institute and Joe D’Aleo’s own ICECAP. As they’ve both been tremendously helpful over the past few days, I’ll trust in the opinions I’ve received from the report’s architects to sum up.


This from the meteorologist:


The biggest gaps and greatest uncertainties are in high latitude areas where the data centers say they 'find' the greatest warming (and thus which contribute the most to their global anomalies). Add to that no adjustment for urban growth and land use changes (even as the world's population increased from 1.5 to 6.7 billion people) [in the NOAA data] and questionable methodology for computing the historical record that very often cools off the early record and you have surface based data sets so seriously flawed, they can no longer be trusted for climate trend or model forecast assessment or decision making by the administration, congress or the EPA.


Roger Pielke Sr. has suggested: “...that we move forward with an inclusive assessment of the surface temperature record of CRU, GISS and NCDC. We need to focus on the science issues. This necessarily should involve all research investigators who are working on this topic, with formal assessments chaired and paneled by mutually agreed to climate scientists who do not have a vested interest in the outcome of the evaluations.” I endorse that suggestion.


Certainly, all rational thinkers agree. Perhaps even the mainstream media, most of whom have hitherto mistakenly dismissed Climategate as a uniquely British problem, will now wake up and demand such an investigation.


And this from the computer expert:


That the bias exists is not denied. That the data are too sparse and with too many holes over time in not denied. Temperature series programs, like NASA GISS GIStemp try, but fail, to fix the holes and the bias. What is claimed is that "the anomaly will fix it." But it cannot. Comparison of a cold baseline set to a hot present set must create a biased anomaly. It is simply overwhelmed by the task of taking out that much bias. And yet there is more. A whole zoo of adjustments are made to the data. These might be valid in some cases, but the end result is to put in a warming trend of up to several degrees. We are supposed to panic over a 1/10 degree change of "anomaly" but accept 3 degrees of "adjustment" with no worries at all. To accept that GISTemp is "a perfect filter". That is, simply, "nuts". It was a good enough answer at Bastogne, and applies here too.


Smith, who had a family member attached to the 101st Airborne at the time, refers to the famous line from the 101st commander, U.S. Army General Anthony Clement McAuliffe, who replied to a German ultimatum to surrender the December, 1944 Battle of Bastogne, Belgium with a single word: “Nuts.”


And that’s exactly what we’d be were we to surrender our freedoms, our economic growth, and even our simplest comforts to duplicitous zealots before checking and double-checking the work of the prophets predicting our doom should we refuse.


Marc Sheppard is environment editor of American Thinker and editor of the forthcoming Environment Thinker.

Rodney Dangerfield on Barack Obama:

The liberals are asking us to give Obama time.


I agree and think 25 to life would be appropriate.

**********************

America needs Obamacare like Nancy Pelosi needs a Halloween mask.

**********************

Q: Have you heard about McDonald's new Obama Value Meal?

A: Order anything you like and the guy behind you has to pay for it.

**********************

What does Barack Obama call lunch with a convicted felon?

A: A fund raiser.

**********************

Q: What's the difference between Obama's cabinet and a penitentiary?

A: One is filled with tax evaders, blackmailers and threats to society.

The other is for housing prisoners.

**********************

If Nancy Pelosi and Obama were on a boat in the middle of the ocean and It started to sink, who would be saved?

....America!

**********************

Q: What's the difference between Obama and his dog, Bo?

A: Bo has papers.
 
 
Quote du jour:
"I believe there are more instances of the abridgement of the freedom of the people by the gradual and silent encroachment of those in power, than by violent and sudden usurpation."

President James Madison (1751-1836) speech, Virginia Convention, 1788


Writings of Our Founding Fathers

Federalist Papers


Author: John Jay


Federalist No. 5

The Same Subject Continued: Concerning Dangers from Foreign Force and Influence

For the Independent Journal.

To the People of the State of New York:

QUEEN ANNE, in her letter of the 1st July, 1706, to the Scotch Parliament, makes some observations on the importance of the UNION then forming between England and Scotland, which merit our attention. I shall present the public with one or two extracts from it: "An entire and perfect union will be the solid foundation of lasting peace: It will secure your religion, liberty, and property; remove the animosities amongst yourselves, and the jealousies and differences betwixt our two kingdoms. It must increase your strength, riches, and trade; and by this union the whole island, being joined in affection and free from all apprehensions of different interest, will be ENABLED TO RESIST ALL ITS ENEMIES." "We most earnestly recommend to you calmness and unanimity in this great and weighty affair, that the union may be brought to a happy conclusion, being the only EFFECTUAL way to secure our present and future happiness, and disappoint the designs of our and your enemies, who will doubtless, on this occasion, USE THEIR UTMOST ENDEAVORS TO PREVENT OR DELAY THIS UNION."

It was remarked in the preceding paper, that weakness and divisions at home would invite dangers from abroad; and that nothing would tend more to secure us from them than union, strength, and good government within ourselves. This subject is copious and cannot easily be exhausted.

The history of Great Britain is the one with which we are in general the best acquainted, and it gives us many useful lessons. We may profit by their experience without paying the price which it cost them. Although it seems obvious to common sense that the people of such an island should be but one nation, yet we find that they were for ages divided into three, and that those three were almost constantly embroiled in quarrels and wars with one another. Notwithstanding their true interest with respect to the continental nations was really the same, yet by the arts and policy and practices of those nations, their mutual jealousies were perpetually kept inflamed, and for a long series of years they were far more inconvenient and troublesome than they were useful and assisting to each other.

Should the people of America divide themselves into three or four nations, would not the same thing happen? Would not similar jealousies arise, and be in like manner cherished? Instead of their being "joined in affection" and free from all apprehension of different "interests," envy and jealousy would soon extinguish confidence and affection, and the partial interests of each confederacy, instead of the general interests of all America, would be the only objects of their policy and pursuits. Hence, like most other BORDERING nations, they would always be either involved in disputes and war, or live in the constant apprehension of them.

The most sanguine advocates for three or four confederacies cannot reasonably suppose that they would long remain exactly on an equal footing in point of strength, even if it was possible to form them so at first; but, admitting that to be practicable, yet what human contrivance can secure the continuance of such equality? Independent of those local circumstances which tend to beget and increase power in one part and to impede its progress in another, we must advert to the effects of that superior policy and good management which would probably distinguish the government of one above the rest, and by which their relative equality in strength and consideration would be destroyed. For it cannot be presumed that the same degree of sound policy, prudence, and foresight would uniformly be observed by each of these confederacies for a long succession of years.

Whenever, and from whatever causes, it might happen, and happen it would, that any one of these nations or confederacies should rise on the scale of political importance much above the degree of her neighbors, that moment would those neighbors behold her with envy and with fear. Both those passions would lead them to countenance, if not to promote, whatever might promise to diminish her importance; and would also restrain them from measures calculated to advance or even to secure her prosperity. Much time would not be necessary to enable her to discern these unfriendly dispositions. She would soon begin, not only to lose confidence in her neighbors, but also to feel a disposition equally unfavorable to them. Distrust naturally creates distrust, and by nothing is good-will and kind conduct more speedily changed than by invidious jealousies and uncandid imputations, whether expressed or implied.

The North is generally the region of strength, and many local circumstances render it probable that the most Northern of the proposed confederacies would, at a period not very distant, be unquestionably more formidable than any of the others. No sooner would this become evident than the NORTHERN HIVE would excite the same ideas and sensations in the more southern parts of America which it formerly did in the southern parts of Europe. Nor does it appear to be a rash conjecture that its young swarms might often be tempted to gather honey in the more blooming fields and milder air of their luxurious and more delicate neighbors.

They who well consider the history of similar divisions and confederacies will find abundant reason to apprehend that those in contemplation would in no other sense be neighbors than as they would be borderers; that they would neither love nor trust one another, but on the contrary would be a prey to discord, jealousy, and mutual injuries; in short, that they would place us exactly in the situations in which some nations doubtless wish to see us, viz., FORMIDABLE ONLY TO EACH OTHER.

From these considerations it appears that those gentlemen are greatly mistaken who suppose that alliances offensive and defensive might be formed between these confederacies, and would produce that combination and union of wills of arms and of resources, which would be necessary to put and keep them in a formidable state of defense against foreign enemies.

When did the independent states, into which Britain and Spain were formerly divided, combine in such alliance, or unite their forces against a foreign enemy? The proposed confederacies will be DISTINCT NATIONS. Each of them would have its commerce with foreigners to regulate by distinct treaties; and as their productions and commodities are different and proper for different markets, so would those treaties be essentially different. Different commercial concerns must create different interests, and of course different degrees of political attachment to and connection with different foreign nations. Hence it might and probably would happen that the foreign nation with whom the SOUTHERN confederacy might be at war would be the one with whom the NORTHERN confederacy would be the most desirous of preserving peace and friendship. An alliance so contrary to their immediate interest would not therefore be easy to form, nor, if formed, would it be observed and fulfilled with perfect good faith.

 Nay, it is far more probable that in America, as in Europe, neighboring nations, acting under the impulse of opposite interests and unfriendly passions, would frequently be found taking different sides. Considering our distance from Europe, it would be more natural for these confederacies to apprehend danger from one another than from distant nations, and therefore that each of them should be more desirous to guard against the others by the aid of foreign alliances, than to guard against foreign dangers by alliances between themselves. And here let us not forget how much more easy it is to receive foreign fleets into our ports, and foreign armies into our country, than it is to persuade or compel them to depart. How many conquests did the Romans and others make in the characters of allies, and what innovations did they under the same character introduce into the governments of those whom they pretended to protect.

Did men judge, then, whether the division of America into any given number of independent sovereignties would tend to secure us against the hostilities and improper interference of foreign nations.

PUBLIUS.

References:

http://www.hotair.com/
http://www.wnd.com/
http://www.weeklystandard.com/
http://www.thehill.com/
http://www.biggovernment.com/
http://www.breitbart.com/
Media matters
http://www.youtube.com/
Marc Sheppard
http://www.quotationspage.com/
Library of Congress/Federalist's Papers
http://www.foxnews.com/

Thursday, January 21, 2010

Is Bank Robbery a Federal Offense or an Obama Tax?


Opinion 1.0

After a humiliating defeat in Massachusetts on Tuesday which happened to be President Obama's Inauguration anniversary, Mr. Obama doubles down and attempts to take the spotlight off his failures and go after the banks. His didactic demonization of  the banking industry is as long as I can remember. I'm almost positive he gave back all of the bank's campaign contributions since those banks are the anti Christ. LOL! I think Obama needs a populistic crusade to take the sting out of the senate election, Pelosi announcing she didn't have the votes to pass healthcare and the withdrawal of his pick for head of TSA. That is all in a week! And he isn't on suicide watch. The President wants to tax the largest banks (more than $50B in assets) for "simply meeting their responsibilities." This could cost the banks anywhere between 10 and 20% of 2010 earnings. Then he should pay back the American people for wasting the stimulus money and using it for a democrat slush fund to bribe House members and Senators to go along with the Obamacare Obamination. Why is it only the banks? Why isn't Fannie Mae, Freddie Mac, AIG or GM participating in the governmental grand larceny. Let's take a look at the root of this last meltdown. Why doesn't anyone mention the CRA (Community Revitalization Act, compliments of Jimmy "Peanut" Carter) government and activist groups (ACORN) forcing lending institutions to lend money to people who were not a good credit risk. I don't think banks are totally innocent because some of them deserved what they got. But, being forced to lend to bad credit risk, and just a short time ago, Hank Paulson (acting on Bernanke's orders) strongarmed the major banks, Bank of America, JP Morgan Chase, Citigroup and others to take TARP monies, even if they didn't want it or need it. When Ken Lewis, CEO of Bank of America, was ready to walk away from the Merrill Lynch deal, Paulson threatened to replace Lewis and the board if he did. Wasn't there a Mafia movie similiar to this scenario? I love the corrupt Chicago political machine in sixth gear, gone nationwide. The government has been involved and at the forefront of so many shady deals and the "anointed one" has the audacity to point his bony index finger at the financial institutions. The American people are very tired of the lies, spin and double speak coming out of Washington. They regulate businesses and when it doesn't work out, the government minions make the "demons of the day" look like mafioso. Mr. President, when you point your finger, you have four fingers pointing back at youself. There is talk of the major banks has hired a top attorney to fight this lame legislation. I believe this will scare the congress just a little and possibly kill this tentative bill in the senate. It seems that the only people who don't know the real roots of the financial meltdown is the democrats. Barney Frank, Chris Dodd defend themselves adamantly because they know the potential opening of a can of worms. Why isn't Franklin Raines or Jamie Gorelick in front of a congressional hearing? They were complicite in the balance sheet debacle in which they cooked the books at Fannie Mae, so they could pay themselves millions of dollars in bonuses. Franklin Raines had to pay back $22M out of the 52+M he paid himself in Taxpayer fund bonuses. Unfortunately, he didn't get any prison time because he is a close friend of Obama and Clinton. In conclusion, do a little research and you will find a plethora of incriminating evidence on a bunch of friends of democrats. "People who live in glass houses shouldn't throw stones." 

David Axelrod in the White House last night:
 


Study Finds 'Extensive' Fraud at Fannie Mae


Bonuses Allegedly Drove the Scheme

By Kathleen Day

Washington Post Staff Writer

Wednesday, May 24, 2006

Fannie Mae engaged in "extensive financial fraud" over six years by doctoring earnings so executives could collect hundreds of millions of dollars in bonuses, federal officials said yesterday in a report that portrayed a company determined to play by its own rules.

Regulators at the Securities and Exchange Commission and the Office of Federal Housing Enterprise Oversight, in announcing a settlement with Fannie Mae that includes $400 million in penalties, provided the most detailed picture yet of what went wrong at the congressionally chartered firm.

They portray the District-based mortgage funding giant -- a linchpin of the nation's housing market -- as governed by a weak board of directors, which failed to install basic internal controls and instead let itself be dominated and left uninformed by chief executive Franklin Raines and Chief Financial Officer J. Timothy Howard, who both were later ousted.

The result was a company whose managers engaged in one questionable maneuver after another, including two transactions with investment banking firm Goldman Sachs Group Inc. that improperly pushed $107 million of Fannie Mae earnings into future years. The aim, OFHEO said, was always the same: To shape the company's books, not in response to accepted accounting rules but in a way that made it appear that the company had reached earnings targets, thus triggering the maximum possible payout for executives including Raines, Howard and others.

The settlement closes regulators' civil probe into Fannie Mae's accounting scandal, the result of the company's misstating earnings by about $10.6 billion from 1998 through 2004.

SEC Chairman Christopher Cox and acting OFHEO director James B. Lockhart III said they now will turn their focus to individuals, including Raines and Howard, to determine what role former and current executives played in the accounting fraud and if they should be forced to forfeit millions of dollars in what the regulators called "ill-gotten" compensation. They said the Justice Department is continuing a criminal probe.

"Fraudulent financial reporting cheats investors of their savings," Cox said. "Those whose actions led to the accounting fraud you've heard described today will be vigorously pursued."

Lockhart agreed. "You could argue none of it was deserved," he said in response to a question on how much of $52.8 million in bonuses Raines received during the six years might have been linked to improper accounting manipulation. As the settlement was announced, OFHEO released a 340-page report summarizing what it found in its nearly three-year probe of the company.

"The conduct of Mr. Raines, CFO Timothy Howard, and other members of the inner circle of senior executives at Fannie Mae was inconsistent with the values of responsibility, accountability, and integrity," the report said. "Those individuals engaged in improper earnings management in order to generate unjustified levels of compensation for themselves and other executives."

Raines's lawyer Robert Barnett said in a prepared statement that Raines "has repeatedly stated that he never authorized, encouraged, or was aware of violations" of accounting rules. Even so, Raines "strongly believes that, as the leader of Fannie Mae, he should be accountable for what happened within the organization, regardless of personal involvement or fault."

Howard's lawyer had no comment.

Fannie Mae agreed to the settlement with the SEC and OFHEO without admitting or denying guilt. The company is in the midst of trying to create accurate accounting records for the years in question, an undertaking that is costing it hundreds of millions of dollars.

The agreement requires the company to invest in up-to-date computer technology and human expertise. It bars the company from growing one of its most profitable but risky business lines, that of buying and holding home loans for its own investment portfolio.


It also requires Fannie Mae to review the conduct of former and current executives. That includes its current chief executive, Daniel H. Mudd, and current Chairman Stephen B. Ashley. Both were on the board of the company during the six years when the accounting problems occurred.

And the company must specifically consider retroactively firing Raines and Howard, a change in status that would deprive them of millions of dollars in compensation. At the end of 2004, in the wake of an embarrassing SEC ruling that Fannie Mae's accounting was wrong, the board pressured Raines and Howard to leave. Raines was allowed to retire and Howard to resign, preserving severance packages for the two.

The OFHEO report is the second in recent months to criticize the company's management, but it goes substantially beyond the first study, which was commissioned by the board of directors, which hired Warren B. Rudman, a former Republican senator from New Hampshire, to write it. Where Rudman, applying a stricter legal standard, found only one year in which earnings were manipulated to trigger bonuses, OFHEO, using a looser burden of proof, concluded that the company consistently arranged its books to hit earnings-per-share targets almost to the penny.

The company's consistent performance was not an "uncanny coincidence," investigators wrote, but a product of executives willing to dip into "cookie jar" reserves to make up a shortfall, then push excess earnings off into the future as a cushion for the next bonus cycle.

The Rudman report essentially absolved the board from blame, saying most directors relied on lawyers and accountants who misled them. In contrast, OFHEO's report says the board was responsible for creating a system that allowed them to be misled by giving Raines and Howard too much power.

Rudman said OFHEO's report and his agree on the facts. "Their comments on the tone at the top, the arrogance of the corporation, tracks with what we said," Rudman said. "The two reports don't disagree that the board was at times misled, either intentionally or unintentionally, and was given bad information."

OFHEO concludes that the board actually helped create the problems by failing to act independently of Raines and Howard and by failing to correct accounting and internal control problems even after similar problems emerged in 2003 at Freddie Mac, which eventually paid $125 million in penalties to OFHEO to settle charges of accounting fraud.

The report cites example after example of transactions that it says Fannie Mae made solely to push earnings up or down to meet profit targets expected by Wall Street. The two transactions with Goldman Sachs in 2001 and 2002, for example, had no economic purpose beyond manipulating earnings and that purpose was not clearly articulated to investors, the report said. In a prepared statement, a Goldman Sachs spokesman disagreed with that conclusion.

Mudd said yesterday that in retrospect he should have done some things differently but that in general he felt he acted appropriately. Ashley, in a conference call with investment banking analysts, said the board supports Mudd.

Thomas P. Gerrity, a Fannie Mae director and chairman of its audit committee for the past seven years, last week said he would step down from the board at year's end.

The OFHEO report also included a new, detailed account of the actions taken by Raines and other insiders, including current chief executive Mudd, to thwart OFHEO's investigation. For example, Fannie Mae tried to insert language into an appropriations bill to cut the agency's budget until then-OFHEO Director Armando Falcon Jr. was replaced, it said.

Mudd, who was promoted to chief executive after Raines resigned in 2004, was criticized in the report for not taking more steps to address internal control problems when he became aware of them.

"This report . . . is strong medicine," Mudd said yesterday. "It is what Fannie Mae needed, and strong medicine is certainly what we received today."

Staff writers Annys Shin and Terence O'Hara contributed to this report.

Mr. Turbotax:


Johnny Depp as "Barack Obama, Public Enemy #1:


Welcome statement of the day:
“I don’t see the votes for it at this time,” Pelosi told reporters in a briefing. CHECKMATE!


Democrats propose $1.9T increase in debt limit


By ANDREW TAYLOR, Associated Press Writer                                                 


Wed Jan 20, 6:39 pm ET

WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.

The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation.

It's hardly the debate Democrats want or need in the wake of Sen.-elect Scott Brown's victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government's financial straits can be shared by both political parties.

The measure came to the floor under rules requiring 60 votes to pass. That's an unprecedented step that could mean that every Democrat, no matter how politically endangered, may have to vote for it next week before Brown takes office and Democrats lose their 60-vote majority.

Democratic leaders are also worried that Sen. Evan Bayh, D-Ind., who opposed the debt limit increase approved last month, will vote against the measure.

The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control in the wake of a recession that cut tax revenues, the Wall Street bailout, and increased spending by the Democratic-controlled Congress. Last year's deficit hit a phenomenal $1.4 trillion, and the current year's deficit promises to be as high or higher.

Congress has never failed to increase the borrowing limit.

We have gone to the restaurant. We have eaten the meal. Now the only question is whether we will pay the check," said Finance Committee Chairman Max Baucus, D-Mont. "We simply must do so."

A White House policy statement said the increase "is critically important to make sure that financing of federal government operations can continue without interruption and that the creditworthiness of the United States is not called into question."

Less than a decade ago, $1.9 trillion would have been enough to finance the operations and programs of the federal government for an entire year. Now, it's only enough to make sure Democrats can avoid another vote before Election Day.

Republican Sen. John Thune of South Dakota immediately offered an amendment to end the bank and Wall Street bailout, officially known as the Troubled Asset Relief Program, or TARP. Thune would prohibit further expenditure of TARP funds and would require that all funds paid back be used to retire debt.

The latest increase comes on top of a stopgap $290 billion measure that cleared the Senate on Christmas Eve. Given the country's finances, that measure would last only about six weeks, lawmakers said, requiring the far larger measure that's pending.

Quote du jour:
"The ultimate result of shielding men from the effects of folly is to fill the world with fools."

Herbert Spencer

Writings of Our Founding Fathers

Federalist Papers


Author: John Jay

Federalist No. 4

The Same Subject Continued: Concerning Dangers from Foreign Force and Influence

For the Independent Journal.

To the People of the State of New York:

MY LAST paper assigned several reasons why the safety of the people would be best secured by union against the danger it may be exposed to by JUST causes of war given to other nations; and those reasons show that such causes would not only be more rarely given, but would also be more easily accommodated, by a national government than either by the State governments or the proposed little confederacies.

But the safety of the people of America against dangers from FOREIGN force depends not only on their forbearing to give JUST causes of war to other nations, but also on their placing and continuing themselves in such a situation as not to INVITE hostility or insult; for it need not be observed that there are PRETENDED as well as just causes of war.

It is too true, however disgraceful it may be to human nature, that nations in general will make war whenever they have a prospect of getting anything by it; nay, absolute monarchs will often make war when their nations are to get nothing by it, but for the purposes and objects merely personal, such as thirst for military glory, revenge for personal affronts, ambition, or private compacts to aggrandize or support their particular families or partisans. These and a variety of other motives, which affect only the mind of the sovereign, often lead him to engage in wars not sanctified by justice or the voice and interests of his people. But, independent of these inducements to war, which are more prevalent in absolute monarchies, but which well deserve our attention, there are others which affect nations as often as kings; and some of them will on examination be found to grow out of our relative situation and circumstances.

With France and with Britain we are rivals in the fisheries, and can supply their markets cheaper than they can themselves, notwithstanding any efforts to prevent it by bounties on their own or duties on foreign fish.

With them and with most other European nations we are rivals in navigation and the carrying trade; and we shall deceive ourselves if we suppose that any of them will rejoice to see it flourish; for, as our carrying trade cannot increase without in some degree diminishing theirs, it is more their interest, and will be more their policy, to restrain than to promote it.

In the trade to China and India, we interfere with more than one nation, inasmuch as it enables us to partake in advantages which they had in a manner monopolized, and as we thereby supply ourselves with commodities which we used to purchase from them.

The extension of our own commerce in our own vessels cannot give pleasure to any nations who possess territories on or near this continent, because the cheapness and excellence of our productions, added to the circumstance of vicinity, and the enterprise and address of our merchants and navigators, will give us a greater share in the advantages which those territories afford, than consists with the wishes or policy of their respective sovereigns.

Spain thinks it convenient to shut the Mississippi against us on the one side, and Britain excludes us from the Saint Lawrence on the other; nor will either of them permit the other waters which are between them and us to become the means of mutual intercourse and traffic.

From these and such like considerations, which might, if consistent with prudence, be more amplified and detailed, it is easy to see that jealousies and uneasinesses may gradually slide into the minds and cabinets of other nations, and that we are not to expect that they should regard our advancement in union, in power and consequence by land and by sea, with an eye of indifference and composure.

The people of America are aware that inducements to war may arise out of these circumstances, as well as from others not so obvious at present, and that whenever such inducements may find fit time and opportunity for operation, pretenses to color and justify them will not be wanting. Wisely, therefore, do they consider union and a good national government as necessary to put and keep them in SUCH A SITUATION as, instead of INVITING war, will tend to repress and discourage it. That situation consists in the best possible state of defense, and necessarily depends on the government, the arms, and the resources of the country.

As the safety of the whole is the interest of the whole, and cannot be provided for without government, either one or more or many, let us inquire whether one good government is not, relative to the object in question, more competent than any other given number whatever.

One government can collect and avail itself of the talents and experience of the ablest men, in whatever part of the Union they may be found. It can move on uniform principles of policy. It can harmonize, assimilate, and protect the several parts and members, and extend the benefit of its foresight and precautions to each. In the formation of treaties, it will regard the interest of the whole, and the particular interests of the parts as connected with that of the whole. It can apply the resources and power of the whole to the defense of any particular part, and that more easily and expeditiously than State governments or separate confederacies can possibly do, for want of concert and unity of system. It can place the militia under one plan of discipline, and, by putting their officers in a proper line of subordination to the Chief Magistrate, will, as it were, consolidate them into one corps, and thereby render them more efficient than if divided into thirteen or into three or four distinct independent companies.

What would the militia of Britain be if the English militia obeyed the government of England, if the Scotch militia obeyed the government of Scotland, and if the Welsh militia obeyed the government of Wales? Suppose an invasion; would those three governments (if they agreed at all) be able, with all their respective forces, to operate against the enemy so effectually as the single government of Great Britain would?

We have heard much of the fleets of Britain, and the time may come, if we are wise, when the fleets of America may engage attention. But if one national government, had not so regulated the navigation of Britain as to make it a nursery for seamen--if one national government had not called forth all the national means and materials for forming fleets, their prowess and their thunder would never have been celebrated. Let England have its navigation and fleet--let Scotland have its navigation and fleet--let Wales have its navigation and fleet--let Ireland have its navigation and fleet--let those four of the constituent parts of the British empire be be under four independent governments, and it is easy to perceive how soon they would each dwindle into comparative insignificance.

Apply these facts to our own case. Leave America divided into thirteen or, if you please, into three or four independent governments--what armies could they raise and pay--what fleets could they ever hope to have? If one was attacked, would the others fly to its succor, and spend their blood and money in its defense? Would there be no danger of their being flattered into neutrality by its specious promises, or seduced by a too great fondness for peace to decline hazarding their tranquillity and present safety for the sake of neighbors, of whom perhaps they have been jealous, and whose importance they are content to see diminished? Although such conduct would not be wise, it would, nevertheless, be natural. The history of the states of Greece, and of other countries, abounds with such instances, and it is not improbable that what has so often happened would, under similar circumstances, happen again.

But admit that they might be willing to help the invaded State or confederacy. How, and when, and in what proportion shall aids of men and money be afforded? Who shall command the allied armies, and from which of them shall he receive his orders? Who shall settle the terms of peace, and in case of disputes what umpire shall decide between them and compel acquiescence? Various difficulties and inconveniences would be inseparable from such a situation; whereas one government, watching over the general and common interests, and combining and directing the powers and resources of the whole, would be free from all these embarrassments, and conduce far more to the safety of the people.

But whatever may be our situation, whether firmly united under one national government, or split into a number of confederacies, certain it is, that foreign nations will know and view it exactly as it is; and they will act toward us accordingly. If they see that our national government is efficient and well administered, our trade prudently regulated, our militia properly organized and disciplined, our resources and finances discreetly managed, our credit re-established, our people free, contented, and united, they will be much more disposed to cultivate our friendship than provoke our resentment. If, on the other hand, they find us either destitute of an effectual government (each State doing right or wrong, as to its rulers may seem convenient), or split into three or four independent and probably discordant republics or confederacies, one inclining to Britain, another to France, and a third to Spain, and perhaps played off against each other by the three, what a poor, pitiful figure will America make in their eyes! How liable would she become not only to their contempt but to their outrage, and how soon would dear-bought experience proclaim that when a people or family so divide, it never fails to be against themselves.

PUBLIUS.

References:
http://www.hotair.com/
http://www.wnd.com/
http://www.youtube/
Kathleen Day

Washington Post
http://www.quotationspage.com/
http://www.drudgereport.com/
http://www.politico.com/
Business Week
Bloomberg
Andrew Taylor
AP
Library of Congress/Federalist's Papers















Wednesday, January 20, 2010

Awoke a Sleeping Giant



Opinion 1.0

Wednesday, January 20, 2010. Barack Hussein Obama's Inauguration, one year ago to the day. Presently, the democrat party is in total disarray. Massachusetts sent a "Scott" heard around the world last night by electing a republican to fill Ted Kennedy's senate seat. Teddy and John owned that seat for 58 years collectively. The finger pointing is/has taken front stage, Martha Coakley blaming the White House, the White House is blaming Coakley and the party is blaming everybody. I laughed today following the news programs, how fast the democrat pundits are evacuating the Obama camp like rats fleeing a sinking ship (no pun intended). So many are now statesmen and honest politicians. Hypocracy run amuck once again. Keith (UberTool) Obermann is calling the good people of Massachusetts racist? ("Massachusetts suddenly turned racist?"). It is so uncomprehensible for the liberal left to except that the American people do not want the messiah's socialistic policies. They just don't get it, including the President and his sycophants. Today, the President was interviewed by ABC's George Stephanopoulos and the President basically blamed the Brown senate election on the past eight years of the Bush administration and mismanagement of the country. Nobody is picking up what the "anointed one" is putting down. He either has the largest ego in the world or he is suffering from disillusional politicia. (I just made that up). I wished I was a fly on the wall in the Oval Office this morning. I can imagine David Axelrod contemplating cutting his wrist, Robert Gibbs on the floor, grasping Obama's leg, screaming "don't make me go out there," Jake Tapper and Major Garrett are going to chew me up. Valerie Jarrett and Rahm Emanuel are on the phone talking with real estate agents in Chicago looking for apartments under a large picture of Mao Tse Tung and the President is over by the window, chain smoking Camels, swearing at a framed autographed picture of Saul Alinsky, Crying out,  "I failed you,  Cloward and Piven."  But I digressed. They can attempt to spin this major "punch in the stomach" from the American people. The one good thing Obama has done to the American people is we have been re-introduced to our Constitution and laws of our land. I've been in conversations concerning Article 14, 1st and 2nd Amendments and others. Regular Americans are more familiar with our government and history than when they attended school. Why? Because no one trusts any politicians in office because they become "bought and paid for in record time." I am in awe when I read about our founding fathers. They were true patriots. They were willing to give up everything to shape this country into the greatest nation on earth.  There was no buying them. They had honor and respect. Does the representatives supposedly representing us today have honor and respect? In my opinion, most of them do not. (i.e.Landreiu, Nelson, Dodd, Reid, etc...) The message the good people of Massachusetts sent was resonating in the halls of the Capital this morning. Anthony Weiner, D-NY, said that they (the demoncrats) need to step back from the healthcare bill and re-evaluate the whole legislation. Others were preaching the same story. In conclusion, the highlight of my day was watching the democrat piss ants scurry to find a way out of this mess. I heard that many news anchors are attending a political retreat this weekend, because they just need to be held and cuddled. Wasn't it a year ago, the pundits said conservatism was dead? Ask Isoroku Yamamoto about sleeping giants? "Save our way of life."

Anthony Weiner:

They’re talking as if, like “what our deals are, what our negotiations are at the White House.” Yeah, and the last line is, “Pigs fly out of my ass,” or something like that. I mean, you know, it’s just, it’s just — we’ve got to recognize that we’ve got an entirely different scenario …

When you large numbers of citizens in the United States of America who believe this is going in the wrong direction, there’s a limit to which you can keep saying that “OK, they just don’t get it. If we just pass a bill, they’ll get it.” No no! I think that maybe we should internalize that we’re not doing things entirely correct here.


A Conservative Praetorian exclusive - Last night at the White House after Brown win announcement:

 
Daft Statement of the day:
“This is a giant wake-up call,” said Terry McAuliffe
 

The Health Care Bill Is Dead

And other repercussions of Scott Brown's victory in Massachusetts.

BY Fred Barnes

January 20, 2010 12:30 AM

The impact of Republican Scott Brown’s capture of the Massachusetts Senate seat held for decades by Teddy Kennedy will be both immediate and powerful. It’s safe to say no single Senate election in recent memory is as important as this one.

Here are a few of the repercussions:

1) President Obama is weakened. For the third time in three months, he couldn’t deliver for a Democratic candidate. Last November, he abetted the defeat of Democrat Creigh Deeds in the Virginia governor’s race and failed to prevent Democrat Jon Corzine’s ouster as New Jersey governor. Now in Massachusetts, his appearance for Martha Coakley was a bust. A president who can’t aid his party’s candidates loses influence with Congress and inside his party.

That’s not all. Obama’s agenda, chiefly health care, took a beating in Massachusetts. In fact, it was the chief cause of Coakley’s defeat. Without the intrusion of national politics, she would have defeated Brown. But Obama and Democrats in Washington have created a hostile environment for Democratic candidates even in liberal and Democrat-dominated Massachusetts. So there’s a double whammy for Obama: he can’t help if he personally shows up to campaign on behalf of Democrats and his policies are ruining their chances of being elected.

2) Independents are lost to Democrats, at least for the time being. In 2006 and 2008, they fled Republicans in large numbers and facilitated Democratic triumphs for the House, Senate, and White House. Now they’ve staged a mass migration to the Republican camp. In Massachusetts, where they make up half the electorate, they overwhelmingly voted for Brown. This followed the 2-to-1 advantage they gave to Republicans in Virginia and New Jersey last year.

Democrats may win them back, but not if they stick with the liberal policies--especially the unbridled spending and $1 trillion deficits--of Obama and congressional Democrats. These are killer issues among independents. Perhaps it will take another unpopular Republican administration in Washington to push them toward Democrats again. And that is years away.

3) In the midterm election in November, Republicans are poised to win 25 or so House seats. But it will take a net of 40 to take control the House. For this, they need more open Democratic seats, which are easier to win than incumbent-held seats. Brown’s victory in Massachusetts is a good bet to scare many more Democrats into retirement.

If a Republican can win in Massachusetts, why not in Missouri or Pennsylvania or a solidly Democratic state like New York? Last week, Democrat Vic Snyder of Arkansas announced his retirement, citing the political climate as the reason. It’s an anti-Democratic climate.

4) Senate Republican Leader Mitch McConnell is the new king of Capitol Hill. His skill in keeping 40 Republicans united against Democratic health care reform was masterful, and it wasn’t easy. A number of Republican senators are drawn to co-sponsoring or at least voting for Democratic bills. Not this time.

By keeping his minority together, McConnell put enormous pressure on Senate Majority Leader Harry Reid, who had to keep every Democrat in line to gain the 60 votes need to halt a Republican filibuster. On health care, it meant he had to make unseemly deals with a host of senators, most egregiously in the Medicaid payoff to Nebraska to appease Senator Ben Nelson. Reid got the votes, but the deals were political poison.

5) Oh, yes. The health care bill, ObamaCare, is dead with not the slightest prospect of resurrection. Brown ran to be the 41st vote for filibuster and now he is just that. Democrats have talked up clever strategies to pass the bill in the Senate despite Brown, but they won’t fly. It’s one thing for ObamaCare to be rejected by the American public in poll after poll. But it becomes a matter of considerably greater political magnitude when ObamaCare causes the loss of a Senate race in the blue state of Massachusetts.


Then there’s the House, where Speaker Nancy Pelosi insists some version of ObamaCare will be approved and soon. She’s not kidding. She’s simply wrong. At best, she has the minimum 218 votes for passage. After the Massachusetts fiasco, however, there’s sure to be erosion. How many Democrats in Republican-leaning districts want to vote for ObamaCare, post-Massachusetts? Not many.


Pelosi met with House Democrats yesterday to tell them how the negotiations on a compromise health care bill between the House and Senate were going. As she spoke, one Democratic member whispered to another, “It’s like talking about your date on Friday, but the date’s in the emergency room.” ObamaCare went into the emergency room in Massachusetts and didn’t make it out alive.


Polls we can live by:

28% Strongly approve of President's job performance.
40% Strongly disapprove.
48% Somewhat approve of President's performance.
51% Somewhat disapprove.
38% Favor Healthcare reform.
56% Opposed to Healthcare reform.



Is there just cause for profiling?




A lot of Americans have become so insulated from reality that they imagine America cannot suffer defeat without any inconvenience to themselves. Absolutely No Profiling! Pause a moment, reflect back, and take the following multiple choice test. These events are actual events from history. They really happened! Do you remember?

HERE'S THE TEST

1. 1968 Bobby Kennedy was shot and killed by:
a. Superman
b. Jay Leno
c. Harry Potter
d. A Muslim male extremist between the ages of 17 and 40

2. In 1972 at the Munich Olympics, athletes were kidnapped and massacred by :
a. Olga Corbett
b. Sitting Bull
c. Arnold Schwarzenegger
d. Muslim male extremists mostly between the ages of 17 and 40

3. In 1979, the US embassy in Iran was taken over by:
a. Lost Norwegians
b. Elvis
c. A tour bus full of 80-year-old women
d . Muslim male extremists mostly between the ages of 17 and 40

4.. During the 1980's a number of Americans were kidnapped in Lebanon by:
a. John Dillinger
b. The King of Sweden
c. The Boy Scouts
d. Muslim male extremists mostly between the ages of 17 and 40

5. In 1983, the US Marine barracks in Beirut was blown up by:
a. A pizza delivery boy
b. Pee Wee Herman
c. Geraldo Rivera
d. Muslim male extremists mostly between the ages of 17 and 40

6. In 1985 the cruise ship Achille Lauro was hijacked and a 70 year old American passenger was murdered and thrown overboard in his wheelchair by:
a. The Smurfs
b. Davey Jones
c. The Little Mermaid
d. Muslim male extremists mostly between the ages of 17 and 40

7. In 1985 TWA flight 847 was hijacked at Athens, and a US Navy diver trying to rescue passengers was murdered by:
a. Captain Kidd
b. Charles Lindberg
c. Mother Teresa
d. Muslim male extremists mostly between the ages of 17 and 40

8. In 1988, Pan Am Flight 103 was bombed by:
a. Scooby Doo
b. The Tooth Fairy
c. The Sundance Kid
d. Muslim male extremists mostly between the a ges of 17 and 40

9. In 1993 the World Trade Center was bombed the first time by:
a. Richard Simmons
b. Grandma Moses
c. Michael Jordan
d. Muslim male extremists mostly between the ages of 17 and 40

10. In 1998, the US embassies in Kenya and Tanzania were bombed by:
a. Mr. Rogers
b. Hillary Clinton, to distract attention from Wild Bill's women problems
c. The World Wrestling Federation
d. Muslim male extremists mostly between the ages of 17 and 40

11. October 12, 2002, the USS Cole was bombed in port at Yemen . Seventeen sailors died and 40 some were injured. This was done by:
a. Batman and Robin
b. Sonny and Cher
c. The tooth fairy
d. Muslim male estremists nostly between the ages of 17 and 40

12. On 9/11/01, four airliners were hijacked; two were used as missiles to take out the World Trade Centers and of the remaining two, one crashed into the US Pentagon and the other was diverted and crashed by the passengers.
Thousands of people were killed by:
a. Bugs Bunny, Wiley E. Coyote, Daffy Duck and Elmer Fudd
b. The Supreme Court of Florida
c. Mr Bean
d. Muslim male extremists mostly between the ages of 17 and 40

13. In 2002 the United States fought a war in Afghanistan against:
a. Enron
b. The Lutheran Church
c. The NFL
d. Muslim male extremists mostly between the ages of 17 and 40

14. In 2002 reporter Daniel Pearl was kidnapped and BEHEADED by:
a. Bonnie and Clyde
b. Captain Kangaroo
c. Billy Graham
d. Muslim male extremists mostly between the ages of 17 and 40

15. In 2009 13 soldiers were murdered at Ft Hood by
a. James Bond
b. Pat Robertson, christian preacher
c. Kobe Bryant
d. Muslim male jihadist Doctor serving in the US Military

16, On Christmas Day, December 25, 2009, who attemped to blow up a Delta Flight from Amsterdam to Detroit and kill the 278 people aboard?
a. Kilroy
b. Rose Bush
c.Rush Limbaugh
d.Muslim male extremist, age 23.

To ensure we Americans never offend anyone, particularly fanatics intent on killing us, airport security screeners will no longer be allowed to profile certain people. They must conduct random searches of 80-year-old women, little kids, airline pilots with proper identification, secret agents who are members of the President's security detail, 85-year old Congressmen with metal hips, and Medal of Honor winner and former Governor Joe Foss, but leave Muslim Males between the ages 17 and 40 alone lest they be guilty of profiling.

Let's send this to as many people as we can so that the Gloria Aldreds and other dunder-headed attorneys along with Federal Justices that want to thwart common sense, feel ashamed of themselves -- if they have any such sense.

As the writer of the award winning story 'Forrest Gump' so aptly put it, 'Stupid is as stupid does.'


May God have mercy on the People of Haiti:
Please do whatever you can do. This island and it's people have been devastated. They were already the poorest nation in the Carribbean. Now, there is nothing. So many have lost family members and every possession they owned. They are in need of water, medical supplies, shelter, clothing, food and most of all, money. Please send whatever you can afford to a reputable charity. Please think of the children and pray for all Haitians.  Here are just a few reputable charities working in Haiti at this time.
http://www.oxfam.org/
http://www.redcross.org/
http://www.savethechildren.org/
 
Quote du jour:
"Strength does not come from physical capacity. It comes from an indomitable will."

Mahatma Gandhi


Writings of Our Founding Fathers


Federalist No. 3




Author: John Jay


The Same Subject Continued: Concerning Dangers From Foreign Force and Influence

For the Independent Journal.

To the People of the State of New York:

IT IS not a new observation that the people of any country (if, like the Americans, intelligent and wellinformed) seldom adopt and steadily persevere for many years in an erroneous opinion respecting their interests. That consideration naturally tends to create great respect for the high opinion which the people of America have so long and uniformly entertained of the importance of their continuing firmly united under one federal government, vested with sufficient powers for all general and national purposes.

The more attentively I consider and investigate the reasons which appear to have given birth to this opinion, the more I become convinced that they are cogent and conclusive.

Among the many objects to which a wise and free people find it necessary to direct their attention, that of providing for their SAFETY seems to be the first. The SAFETY of the people doubtless has relation to a great variety of circumstances and considerations, and consequently affords great latitude to those who wish to define it precisely and comprehensively.

At present I mean only to consider it as it respects security for the preservation of peace and tranquillity, as well as against dangers from FOREIGN ARMS AND INFLUENCE, as from dangers of the LIKE KIND arising from domestic causes. As the former of these comes first in order, it is proper it should be the first discussed. Let us therefore proceed to examine whether the people are not right in their opinion that a cordial Union, under an efficient national government, affords them the best security that can be devised against HOSTILITIES from abroad.

The number of wars which have happened or will happen in the world will always be found to be in proportion to the number and weight of the causes, whether REAL or PRETENDED, which PROVOKE or INVITE them. If this remark be just, it becomes useful to inquire whether so many JUST causes of war are likely to be given by UNITED AMERICA as by DISUNITED America; for if it should turn out that United America will probably give the fewest, then it will follow that in this respect the Union tends most to preserve the people in a state of peace with other nations.

The JUST causes of war, for the most part, arise either from violation of treaties or from direct violence. America has already formed treaties with no less than six foreign nations, and all of them, except Prussia, are maritime, and therefore able to annoy and injure us. She has also extensive commerce with Portugal, Spain, and Britain, and, with respect to the two latter, has, in addition, the circumstance of neighborhood to attend to.

It is of high importance to the peace of America that she observe the laws of nations towards all these powers, and to me it appears evident that this will be more perfectly and punctually done by one national government than it could be either by thirteen separate States or by three or four distinct confederacies.

Because when once an efficient national government is established, the best men in the country will not only consent to serve, but also will generally be appointed to manage it; for, although town or country, or other contracted influence, may place men in State assemblies, or senates, or courts of justice, or executive departments, yet more general and extensive reputation for talents and other qualifications will be necessary to recommend men to offices under the national government,--especially as it will have the widest field for choice, and never experience that want of proper persons which is not uncommon in some of the States. Hence, it will result that the administration, the political counsels, and the judicial decisions of the national government will be more wise, systematical, and judicious than those of individual States, and consequently more satisfactory with respect to other nations, as well as more SAFE with respect to us.

Because, under the national government, treaties and articles of treaties, as well as the laws of nations, will always be expounded in one sense and executed in the same manner,--whereas, adjudications on the same points and questions, in thirteen States, or in three or four confederacies, will not always accord or be consistent; and that, as well from the variety of independent courts and judges appointed by different and independent governments, as from the different local laws and interests which may affect and influence them. The wisdom of the convention, in committing such questions to the jurisdiction and judgment of courts appointed by and responsible only to one national government, cannot be too much commended.

Because the prospect of present loss or advantage may often tempt the governing party in one or two States to swerve from good faith and justice; but those temptations, not reaching the other States, and consequently having little or no influence on the national government, the temptation will be fruitless, and good faith and justice be preserved. The case of the treaty of peace with Britain adds great weight to this reasoning.

Because, even if the governing party in a State should be disposed to resist such temptations, yet as such temptations may, and commonly do, result from circumstances peculiar to the State, and may affect a great number of the inhabitants, the governing party may not always be able, if willing, to prevent the injustice meditated, or to punish the aggressors. But the national government, not being affected by those local circumstances, will neither be induced to commit the wrong themselves, nor want power or inclination to prevent or punish its commission by others.

So far, therefore, as either designed or accidental violations of treaties and the laws of nations afford JUST causes of war, they are less to be apprehended under one general government than under several lesser ones, and in that respect the former most favors the SAFETY of the people.

As to those just causes of war which proceed from direct and unlawful violence, it appears equally clear to me that one good national government affords vastly more security against dangers of that sort than can be derived from any other quarter.

Because such violences are more frequently caused by the passions and interests of a part than of the whole; of one or two States than of the Union. Not a single Indian war has yet been occasioned by aggressions of the present federal government, feeble as it is; but there are several instances of Indian hostilities having been provoked by the improper conduct of individual States, who, either unable or unwilling to restrain or punish offenses, have given occasion to the slaughter of many innocent inhabitants.

The neighborhood of Spanish and British territories, bordering on some States and not on others, naturally confines the causes of quarrel more immediately to the borderers. The bordering States, if any, will be those who, under the impulse of sudden irritation, and a quick sense of apparent interest or injury, will be most likely, by direct violence, to excite war with these nations; and nothing can so effectually obviate that danger as a national government, whose wisdom and prudence will not be diminished by the passions which actuate the parties immediately interested.

But not only fewer just causes of war will be given by the national government, but it will also be more in their power to accommodate and settle them amicably. They will be more temperate and cool, and in that respect, as well as in others, will be more in capacity to act advisedly than the offending State. The pride of states, as well as of men, naturally disposes them to justify all their actions, and opposes their acknowledging, correcting, or repairing their errors and offenses. The national government, in such cases, will not be affected by this pride, but will proceed with moderation and candor to consider and decide on the means most proper to extricate them from the difficulties which threaten them.

Besides, it is well known that acknowledgments, explanations, and compensations are often accepted as satisfactory from a strong united nation, which would be rejected as unsatisfactory if offered by a State or confederacy of little consideration or power.

In the year 1685, the state of Genoa having offended Louis XIV., endeavored to appease him. He demanded that they should send their Doge, or chief magistrate, accompanied by four of their senators, to FRANCE, to ask his pardon and receive his terms. They were obliged to submit to it for the sake of peace. Would he on any occasion either have demanded or have received the like humiliation from Spain, or Britain, or any other POWERFUL nation?

PUBLIUS.

References:
http://www.hotair.com/
http://www.weeklystandard.com/
http://www.wnd.com/
http://www.americanthinker.com/
http://www.foxnews.com/
http://www.youtube.com/
http://www.quotationspage.com/
http://www.newsmax.com/
http://www.thehill.com/
http://www.drudge.com/
http://www.realclearpolitics.com/
Federalist's papers/John Jay
Richard Doumeng
Fred Barnes
http://www.rasmussenreports.com/