I've heard multiple commentators say that the Dems' 'financial reform' bill they just passed would NOT have prevented what happened to cause the 2008 financial collapse. One doesn't have to look any farther than what the bill does nothing about to know that's true.
It's common knowledge that, if sub-prime mortgages hadn't existed or if they had just been limited to people who actually qualified financially, the collapse would not have happened. Democrats pushed these mortgages way too hard and forced lending requirements to be almost totally eliminated. In fact, Freddie and Fannie were told to make these toxic instruments HALF of their mortgage business. Which leads me to the most extraordinary point of this so-called reform. It does NOTHING to reign in Freddie's and Fannie's terrible, financially irresponsible practices. If the reform doesn't touch them and what they did as, perhaps, the principle contributor to what happened, how can it be called reform?
Everyone knows the two guys in congress who pushed the hardest for getting sub-prime mortgages to unqualified people were Dodd and Frank, both Democrats which leads me to the second most extraordinary aspect of that new financial reform bill. It is named "The Dodd Frank Bill". Is THAT just THE MOST AMAZING bit of hypocrisy you've ever heard?
Why doesn't it come down hard on Freddie and Fannie? Easy answer! Doing that would be an admission how wrong it was for them to push so hard on sub-prime mortgages which in turn would point the finger of guilt straight at Dodd and Frank! What better way to whitewash what they did than name the financial reform bill after them as if THEY are the ones who know how to keep our financial house in order (after they proved they cannot)? Gads! These guys (Democratic leaders in congress) have no conscience at all!
Sunday, July 25, 2010
Tuesday, July 20, 2010
For The Left The Narrative Drives The News ... And Purposely(!) Distorts The Truth
A Donna Brazile column ("New bill could rebuild America") ran in our local paper on July 16, 2010. The stupidity and ignorance of her second sentence was stunning! Most amazing, her totally made-up 'fact' was the premise of her entire column. It stopped me cold from reading the rest of her comments.
Here is what she said: "It was Bush, joined by a Republican Congress, who in 2008 jointly threw a taxpayer's lifeline to Big Bankers, Wall Street Moguls and auto giants GM and Chrysler".
Her point and lead-in for the rest of what she said is that Republicans (congressmen and citizens) are therefore hypocritical in opposing and lacking in authority to oppose bailouts and huge debts from Obama and our current Democratic congress. After all, as she says, the Republican Congress did the same thing! HUH? I have news for Ms. Brazile.
1. Republicans were NO LONGER IN CHARGE OF CONGRESS after the 2006 elections. She doesn't know who won the 2006 elections? Good Grief!
2. The REAL fact is, Republicans voted AGAINST both the first and the final (senate) versions of that 2008 bailout bill by a pretty big percentage. It was Democrats (hello, Ms. Brazile, are you listening?) who passed that legislation. (Yes, it's accurate to say that Bush owned it as president for signing it but that's not who's opposing the Dems bills now so a claim of hypocrisy against him is irrelevant to the argument she's trying to make.)
So, what I presume was the premise for her entire column is factually incorrect. What does it say about her integrity, much less her credibility journalistically speaking when she can't get basic facts correct?
Her biography at the bottom of the column says she is "a political commentator on CNN, ABC and NPR; contributing columnist to Roll Call". I can't make up my mind whether that says more about Ms. Brazile or those 'news' organizations! These people ALL let The Left's politically correct narratives drive what they try to pass off to the koolaid-drinking public as news. They make up 'facts' to fit the narrative and have the nerve to call these fictions 'news' or 'reporting'. It's not stranger than fiction; it IS fiction.
Here is what she said: "It was Bush, joined by a Republican Congress, who in 2008 jointly threw a taxpayer's lifeline to Big Bankers, Wall Street Moguls and auto giants GM and Chrysler".
Her point and lead-in for the rest of what she said is that Republicans (congressmen and citizens) are therefore hypocritical in opposing and lacking in authority to oppose bailouts and huge debts from Obama and our current Democratic congress. After all, as she says, the Republican Congress did the same thing! HUH? I have news for Ms. Brazile.
1. Republicans were NO LONGER IN CHARGE OF CONGRESS after the 2006 elections. She doesn't know who won the 2006 elections? Good Grief!
2. The REAL fact is, Republicans voted AGAINST both the first and the final (senate) versions of that 2008 bailout bill by a pretty big percentage. It was Democrats (hello, Ms. Brazile, are you listening?) who passed that legislation. (Yes, it's accurate to say that Bush owned it as president for signing it but that's not who's opposing the Dems bills now so a claim of hypocrisy against him is irrelevant to the argument she's trying to make.)
So, what I presume was the premise for her entire column is factually incorrect. What does it say about her integrity, much less her credibility journalistically speaking when she can't get basic facts correct?
Her biography at the bottom of the column says she is "a political commentator on CNN, ABC and NPR; contributing columnist to Roll Call". I can't make up my mind whether that says more about Ms. Brazile or those 'news' organizations! These people ALL let The Left's politically correct narratives drive what they try to pass off to the koolaid-drinking public as news. They make up 'facts' to fit the narrative and have the nerve to call these fictions 'news' or 'reporting'. It's not stranger than fiction; it IS fiction.
Saturday, July 10, 2010
I'm Blessed By Family
(Left to right: myself, Chris, Matt, Heather, and Karen)
Karen and I drove to Coeur d' Alene ID last week to spend July 4th and my birthday (the 5th) with our youngest son, Matt, and his wife, Heather. I always enjoy time with my family and was looking forward to a little 'pampering' along with some fun time.
As good as I thought it would be, I got more than I bargained for! A couple days after we arrived I was chilling in their livingroom and answered a knock at their door (they were supposedly off shopping) and there stood oldest son Chris! He flew in from San Jose to join the festivities. There are surprises that really aren't surprises but this one was a winner for sure. Never been more surprised. SCORE! Way to go guys!
As good as I thought it would be, I got more than I bargained for! A couple days after we arrived I was chilling in their livingroom and answered a knock at their door (they were supposedly off shopping) and there stood oldest son Chris! He flew in from San Jose to join the festivities. There are surprises that really aren't surprises but this one was a winner for sure. Never been more surprised. SCORE! Way to go guys!
Matt and Heather made us so comfortable in their new home of one year ... wonderful hosts indeed! Heather made some of my favorite food. On my bday Matt made french toast for breakfast and Chris bbq'd our steak dinner. They gave me a dinosaur(!) bday cake! Love their sense of humor. All Karen and I were allowed to do our whole stay there was enjoy ourselves. Sweet kids those!
And as for my wife of 38 years, thanks for arranging this. The bday was, indeed, special but the best gift to me was having the family together cause I love you all so much. Thank you for your love and support, Hon!
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