Saturday, September 27, 2008
The Coming Democrat Depression
Fatally Flawed Social Engineering Design
|Lou Dobbs Tonight -- CNN -- September 26
Dobbs: I want to turn to Professor Miron for -- the idea that this, the arrogance, the hubris involved in asking the taxpayers for another almost trillion dollars. Give us your thoughts about what should be done, where are we right now in this crisis.
Miron: I think we're at a point where there's going -- there's still more pain to come, but, in fact, a lot of the pain has already come. The crucial lesson to be learned is that if you put the government in the position of guaranteeing all sorts of risky lending, which the government did by creating and then subsidizing Fannie and Freddie and encouraging Fannie and Freddie to take on huge amounts of incredibly risky debt and subprime loans, then you're going to have this problem. And so, government contributed a huge amount to the current situation. This bailout does nothing to fix that.
Dobbs: Kathleen Day, from your perspective from the Center for Responsible Lending, is this bailout dealing with the issues as far as you're concerned?
Day: No, it doesn't. Again, I keep going back to this, it doesn't do anything about real estate price, which are affecting -- and at the heart of this and it's hurting all the taxpayers that would be paying this. It's depleting the tax base across the country.
Watch Depression / E-Verify Transcript Related Video
KFI's John & Ken on the Wall Street Meltdown
Economists question basis of Paulson's scheme
The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken very quickly and that this action should consist of the government buying troubled mortgage securities from banks and other institutions...
|San Diego Union-Tribune
Off-duty border agent stabbed in Ocean Beach
An off-duty U.S. Border Patrol agent was stabbed several times in the back by a woman during a fight in Ocean Beach early Saturday, San Diego police said. -- His wounds were not life-threatening. Police did not release his name. -- The agent, 29, was with his wife on Newport Avenue near the Ocean Beach Municipal Pier shortly after 1 a.m. when...
|KHTS -- Canyon Country, Calif.
August welfare costs for Los Angeles County released
New statistics from the Department of Public Social Services reveal that illegal aliens and their families in Los Angeles County collected nearly $37 million in welfare and food stamp allocations, announced Los Angeles County Supervisor Michael D. Antonovich...
|Hays (Kansas) Daily News
Women sentenced in illegal alien mortgage fraud scheme
Olathe, Kan. -- Two Leawood women have been sentenced to probation for helping illegal [aliens] commit $7.7 million in mortgage fraud through the use of stolen Social Security numbers. -- The women were not given prison time, partly because only four of the 102 mortgages received by the [illegal aliens] have gone into default...
|U. S. Rep. Tom Tancredo
Tancredo challenges Reid to submit Obama 'bailout' plan for vote
U.S. Rep. Tom Tancredo (R-Littleton) today responded to Senate Democrat Leader Harry Reid’s (D-NV) assertion that “House Republicans” were the only ones standing in the way of what Reid called the "Obama Plan", which would pour hundreds of billions of taxpayer dollars into wobbly Wall Street financial institutions and government welfare programs...
|WSMV-TV -- Nashville
Mexican illegal alien sought in store clerk's murder
Nashville, Tenn. -- Police said a man who was in the country illegally is responsible for the death of a south Nashville store clerk. -- His name is Edgar Rodriguez, and he's no stranger to immigration officials. He was deported last October and is now on the run. Police said they believe he is back in Mexico...
|William P. Hoar -- The New American sc
Some progress on the illegal immigration front
Item: The Associated Press reported on August 28: "Hispanics should not have to live in fear of raids by immigration agents, Michelle Obama told a Hispanic caucus to the Democratic National Convention on Wednesday.... 'We would have an immigration policy that brings 12 million people out of the shadows,' she told cheering caucus members who shouted ‘Yes we can’ in Spanish...."
Usual suspects toss tantrum over immigration raids
...The protesters, spearheaded by the Illinois Coalition for Immigrant and Refugee Rights, marched several miles from Our Lady of Mt. Carmel Church in Melrose Park to a detention center in Broadview near Lexington and Beach Streets, where they held a candlelight vigil. -- Many held signs that read "Stop the Raids" and others shouted "No Deportations!" in Spanish...
|The Spectator -- London sc
Subversives go all out for Obama and pour $ millions into his campaign
There are two American election campaigns currently running. The first, in the mainstream media, accepts Barack Obama at face value, no questions asked, while it viciously turns over Sarah Palin and her family whom it subjects to lies, smears and character assassination. The second, being conducted in the blogosphere...
|National Association of Former Border Patrol Officers
Latest news from south of the border
The spokesman for Chiapas’ Masons, Isauro Mendoza, said that the greatest problem facing Mexico is corruption, since it is the source of impunity and organized crime. -- "Corruption is a cancer which has been growing at an alarming pace in the country even among officials and keepers of the peace..."
|Michelle Malkin -- Family Security Matters
The Ant and the Grasshopper, 2008 edition
With what looks like imminent passage of the Mother of All Bailouts (following on the heels of a year's worth of government-funded rescues of private homeowners, lenders, insurers and automakers), Washington has turned Aesop's famous fable about prudence and hard work on its head...
||American Patrol Report
Tell Arnold to veto the illegal alien driver's license bill
Again, only in California. This Cedillo clown refuses to give up. If we don’t keep him in our sights, sooner or later he’s going to ram this down our throats. -- It’s urgent: The Governor only has until next Sunday (9/28) to sign or veto the bill, so please call right away. It will take you 60 seconds, max. Call NOW.
|Mac Johnson -- Human Events
Illegal alien labor helped burst the housing bubble
...The now deflated Housing Bubble had many causes. These include promiscuous lending practices, low interest rates, federal policy aimed at turning human credit hazards into homeowners, the baby boomers entering their prime earning years, and HGTV...
Mexican globalist menace spews balderdash in New York
North American economies must better integrate or risk falling further behind in competitiveness with Europe and Asia, Mexican President Felipe Calderon said. -- "North America has been losing market share in world exports,'' Calderon said today at the Economic Club of New York. "We in North America are losing time.'' [More Mexican meddling]
Religious, business groups urge federal immigration reform
Denver religious and business leaders and Colorado Gov. Bill Ritter converged at the statehouse today with a message to the nation's next president and Congress: Fix the broken immigration system. -- "I know that a lot of issues are cued up " Ritter said at an interfaith rally on the steps of the Capitol...
|William F. Jasper -- The New American
Globalists push climate-change controls, open borders
"John McCain has shown far more commitment to confronting climate change than Bush has, but his teaming up with Alaska Gov. Sarah Palin, who doubts that climate change is man-made, should raise worries," say Michael A. Levi and Scott G. Borgerson of the Council on Foreign Relations...
|Dallas Morning News
Farmers Branch given plaintiff legal bill
Farmers Branch was hit Friday with a request for $480,000 to cover the legal fees of a group that successfully sued over one of the city's attempts to ban apartment rentals to illegal [aliens]. -- That's more than half what the city has spent since 2006 on its legal fight to rid the city of illegal [aliens]...