Wednesday, 20 August 2008

Wake up America

Wake up America

Barack Obama's Half Brother Found In Kenya, Lives On Less Than A Dollar A Month

Posted: 20 Aug 2008 12:47 PM CDT

Reporters have tracked down Barack Obama's youngest half-brother, George Hussein Onyango Obama, living in Kenya, where he spoke of his life which is a stark contrast to his well-known older brother.
According to The Telegraph, George Hussein Onyango Obama has only met Barack Obama, his older brother, twice in his life, once when he was five years old and again in 2006 when Obama toured East Africa and visited Nairobi.

Obama speaks of his brother in his autobiography, saying he was a "beautiful boy with a rounded head".

George Obama was found by Italy's Vanity Fair in a home which is described as a "two metre by three metre shack," that has football posters, a calendar of exotic beaches of the world and a front page newspaper picture of Barack Obama.

George Obama was born by a different mother than Barack was and sired by the same father, Barack Hussein Obama.

George told Vanity Fair that he likes to live as a recluse and that no one knows he exists and he further states that when he asked about his name, Obama, he denies that he is related to Barack Obama, stating "I say we are not related. I am ashamed."

Not ashamed of Barack Obama, but of his own extreme poverty.

George has hopes of attending a local technical college in the hopes of bettering himself.

He describes his second meeting with his famous brother saying it was brief, they spoke for a few minutes and then stated, "It was like meeting a complete stranger."

He also describes what it is like to live where he lives, detailing riots and people being hacked to death during the last elections, saying that the police do not arrest a person, they just shoot them.

He ends by saying, "I have seen two of my friends killed. I have scars from defending myself with my fists. I am good with my fists."

A stark contrast to how his older half-brother lives as well a huge difference regarding the opportunities that one brother has had and the other might never get.

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CBS4 Discovers Secret Page On Obama Website Selling 'Free' Tickets To Speech

Posted: 20 Aug 2008 11:59 AM CDT



The video above is the CBS4 News investigative report, found at YouTube here, H/T to Hot Air.

On August 29th, Barack Obama is slated to give his acceptance speech at Invesco Field. Controversy has been surrounding the tickets to that speech and the latest news, via CBS4, is that the Obama website had a secret page which sold those "free" tickets.
Recently it was reported at WUA that people were told they would have to "volunteer" to be able to get the "free" tickets to the Barack Obama speech on August 29, 2008, where he will officially accept the Democratic nomination for president.

His campaign denied it, yet others spoke to reporters with firsthand accounts of what was said to them and what was happening.

Today, as shown in the video above, CBS4 of Denver was alerted to a secret page on the Barack Obama website that was selling the tickets that the campaign has maintained were to be given away freely.

CBS reports said they tried to access the URL where the supposedly free tickets were being sold and they could not do so from the main site, but that when they directly typed in the URL that their source provided them, bypassing the need for a link, the page came up and the tickets were listed as $1,000 each.

The source that tipped off CBS4 claims he was solicited three times to buy the tickets from the website. CBS4 reports that the person that solicited the Democratic supporter was a consultant for the Obama campaign.

Make no mistake, selling tickets to the speech is not illegal.

What is being questioned by the CBS4 source is the ethics of publicly claiming the tickets would be free and then secretly selling them on a page that cannot be accessed except by those with the specific URL.

CBS4 was able to find the Web site only by directly typing in the URL provided by the source. While CBS4 attempted to contact the Obama campaign about the selling of tickets, the pay-for-tickets page was changed to say no more tickets were available.


An Obama spokeswoman that CBS4 contacted assured them that only a small percentage of the 75,000 tickets were sold and that the campaign was proud that the event was opened up for free to the public.

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Polls and Patterns: Obama Takes A Big Hit

Posted: 20 Aug 2008 08:34 AM CDT

Yesterday I brought some news about recent polls showing that Barack Obama was taking a few hits and while still ahead by a statistically insignificant amount, his numbers continued to drop with John McCain's rising. Obama also suffered a hit in favorability ratings and his unfavorable ratings rose.

Today I see the pattern continues and while the individual polls show different statistical numbers, they all show the same pattern emerging.

Obama is losing voters.

Starting with the Reuters/Zogby Poll we see that in July, Barack Obama held a 7 percentage point lead over McCain and when Ralph Nader and Libertarian Bob Barr were added in, Obama held a ten point lead over McCain.

The August Reuters/Zogby Poll shows that Obama has not only lost his 7 point lead over McCain individually, but has lost the 10 point lead in the four way race.

The August poll brings good tidings for John McCain, he now leads Obama by 5 points and keeps the same five point lead over Obama in the four way race with Nader and Barr included, which is a 12 point swing against Barack Obama when individually matched up with McCain and a 15 point swing against Obama in a four way race.

Zogby calls it a dramatic reversal.

Between July and August Obama has lost 9 percentage points among Democrats, lost 8 points among women, lost 11 points among catholics, lost 12 points from people over 35, lost 11 points from college graduates, lost 11 points from those living in cities, lost 7 points from those with an income over $50,000 and lost 11 points from Southerners.

McCain's surge follows a month in which he has aggressively portrayed Obama as an out-of-touch elitist and celebrity not prepared to be President. McCain also continues to accuse Obama of being willing to lose in Iraq in order to win the election. While Obama was on vacation last week, McCain took the spotlight, talking tough about Russia's military action against the Republic of Georgia.

Pollster John Zogby: "Since Obama returned from his overseas trip, it seems like McCain has thrown all the punches. Clearly, the blows have landed. In recent days, Obama is fighting back, going after McCain on the economy, the issue voters care about most. McCain has changed the dynamic of the race heading into the two conventions. That puts more pressure on Obama to go to Denver and effectively define himself and McCain."


This matches the pattern, if not the exact numbers from the L.A. Times/Bloomberg poll and the Quinnipiac poll from yesterday, both showing the same pattern of Obama dropping as McCain rises.

CNN's new polling of polls still shows Obama with a slight lead (3 percentage points), which is within the margin of error, but the pattern is evident there as well and his lead has been cut in half in just one week.

According to CNN's average of several recent national surveys, Obama's lead is now a slim 3 points over the Arizona senator, 46-43 percent — half of his advantage in a CNN poll of polls one week ago, and down from a high of 8 points in mid-July.


McCain's latest focus on Obama and his celebrity vs experience has paid off and the conflict between Russia and Georgia has given McCain a boost as the person better ready to lead in the minds of voters.

The latest poll results come amid increased attacks from McCain on Obama's readiness to be commander-in-chief and the re-emergence of national security worries among voters in the wake of the Georgia crisis.


As Obama heads into the Democratic convention and prepares to announce his vice presidential choice, his numbers should see a slight bounce, but he appears to be in downward spiral right now and that bounce may not be sufficient to hold any type of lead considering that the week after the Democratic convention, the Republicans hold their convention and John McCain is expected to announce his VP a day after Obama is officially nominated.

Somewhere privately, Hillary Clinton is saying "I told you so".

She did warn the Democrats....they didn't listen.

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Did Obama Squander His Opportunity?

Posted: 19 Aug 2008 06:42 PM CDT

In researching a piece I held my nose and went through a ton of liberal blogs and found some interesting items.

So, consider this a mix and match post with some tidbits of interest.

Polls:


Let me start with Gallup showing a majority of support for John McCain by veterans... no big surprise there.

Gallup finds that registered voters who have served in the U.S. military solidly back McCain over Obama, 56% to 34%.


Next the new L.A. Times/Bloomberg poll shows the race has tightened considerably between John Mccain and Barack Obama, with a two percent, within the margin or error, lead for Obama.

More startling though as the Top of the Ticket explains:

The new, just-released poll not only shows the race between the two dramatically tightening -- into a virtual dead heat, with Obama leading in the head-to-head by only 2 percentage points -- but it also identifies a distinct McCain asset: a huge advantage on the question of experience.

The survey of almost 1,250 registered voters showed that the vast majority have no doubt McCain is qualified for the White House. Asked if the Republican had the right experience to be president, 80% said yes (with only 14% saying no).

By contrast, close to a majority -- 48% -- said Obama lacks the experience for the job (with 44% saying yes).

The findings indicate that the McCain camp's controversial advertising thrust of late -- depicting Obama as a mere "celebrity" who isn't "ready to lead" -- has paid dividends.


More:

The new poll found that 84% judged McCain strongly patriotic, while just 55% said that of Obama. Only 9% said they have questions about McCain's patriotism; 35% expressed doubts about Obama's.

The survey posed a number of questions about the potential impact of race on the presidential race, which The Times' Michael Finnegan explores elsewhere on LATimes.com.

The poll's match-up numbers are these: Obama, 45%; McCain 43%. By comparison, the June numbers were Obama, 49%; McCain, 37% (in each case, the margin of error is plus-or-minus 3 percentage points).


Also interesting is that Nader seems to be taking more from Obama than Barr is from McCain when their names are added into the mix:

When Ralph Nader and Bob Barr are added to the mixed, the race tightens even more. The results in the four-way contest: Obama, 42%; McCain, 41%; Nader, 4%; Barr, 1%.

In June, the four-way race had slightly expanded Obama's lead. Those figures were Obama, 48%; McCain 33%; Nader, 4%; Barr, 3%.


Obama still has the enthusiasm gap but with the examples I am going to show you below, you will see that even that is fading fast.

Read the other LA Times article about that poll also.

One more poll, then I will get to the meat and potatoes of this post.... Obama's squandering what should have have been a easy win in November to some supporters already declaring that he has lost. (More on that after the Quinnipiac poll)

Quinnipiac poll:

American likely voters say 55 - 27 percent that Arizona Sen. John McCain is better qualified than Illinois Sen. Barack Obama to deal with Russia and now trails the Democrat 47 - 42 percent, according to a Quinnipiac University national poll released today.

This compares to a 50 - 41 percent Sen. Obama lead in a July 15 poll by the independent Quinnipiac (KWIN-uh-pe-ack) University.

In this latest survey, Democrats say 48 - 31 percent that Obama is better qualified to deal with Russia, while Sen. McCain is seen as better by Republicans 86 - 5 percent and independent voters 55 - 24 percent.


(Waiting for some off the wall liberal to suggest McCain conspired with Russia for just this purpose- twilight zone music plays here)

Now....on to the good news for conservatives and the bad news for Obama and his supporters.

First off that concept of unity is shot to hell, my previous post shows Clinton supporters and Obama supporters still going at it like you wouldn't believe.

Crawling around the lefty sites I am seeing a pattern start to emerge....my first example to show you what I mean is Steve Soto from the Left Coaster who declares that Obama has already lost the election.

Kerry at least lost his race in August, after the convention, whereas Obama lost this race in June and July, because he had a Sally Field-esque "You like me" moment over and over again. He believed the hype from his own Stepford cult about a new kind of politics, assumed he didn't need to define his opponent because it was beneath him, and gutted the ability of the Democratic Party and its infrastructure to hold McCain accountable.

And them he took a victory lap tour overseas to get photo ops while McCain began to define him here at home, by trying out attack lines until some of them got traction. And then in typical GOP fashion, McCain found the ones that worked, hammered them over and over again, and turned Obama into a boring and iffy choice against a guy who should be ten points behind by now.

Sorry, but that's how I feel. I'm bored by the Obama hype and see nothing now in his candidacy other than the fact he isn't McCain. The Supreme Court is enough to make us vote for him, but my feeling now is that Obama lost this race already, and it isn't the fault of bloggers (who he disdains and doesn't need), but rather himself and all the fawning Democratic Party lackeys who fell in behind him as he led them over the cliff.


Wow...harsh dude!!

Talk Left isn't exactly overly excited either as the ending of their post speaking about polls and reactions, shows this comment:

I doubt putting G-d on their side and adding a Joe Biden or Evan Bayh type to the ticket is going to bring it home for the Democrats. How sad it will be if the operative word for the 2008 campaign turns out to be "squandered."


Talk Left led me to AmericaBlog where they are showing frustration and harsh criticism for how Obama has been handling his campaign as well.

Joe and I know a lot of people in politics. A lot of them are very smart. They're not the people you hate, the Cokie Roberts' and the Mrs. Greenspan's of the world. They're the kind of people you like and you trust. And those people are now telling us that they fear we're going to lose the election. What Josh said today, and what Josh has written between the lines of a lot of posts on his blog of late, is something we're hearing a lot of from a lot of people. There is an incredible discontent out there with the way this campaign is being run. The fact that the discontent isn't being recognized, isn't being assuaged, is disturbing. People aren't worried about the election, they're becoming despondent about it. They're not motivated to work twice as hard, they instead feel as if they've had the wind knocked out of them. This is far beyond a healthy skepticism as to whether Obama can win. While Obama's attacks today on McCain are heartening, we need to see more of it. People need to see that Barack Obama has as big of balls as John McCain and, well, Hillary Clinton.


Showing all this gives one that warm and fuzzy feeling but the bottom line is things change fast in politics and McCain needs to continue to keep Obama on the defensive, off message and pound the inexperience factor as well as the empty suit, teleprompter dependent, rhetoric speaking, empty suit meme that shows Obama for what he is.

Getting cocky just because Obama supporters are getting depressed would be a sure fire way to hand the advantage back to Obama.

Things are looking up for conservatives and the emerging pattern looks good for McCain, but make no mistake, the fight is long from over and now is the time to crush the opponent with every hammer available.

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Bill Clinton Praises Barack Obama, John McCain: Netroots React

Posted: 19 Aug 2008 04:26 PM CDT

It is not often you see Democrats or Republicans praise an opposing party member's policy unless there is some political benefit on that specific day. Bill Clinton praises Obama and McCain on energy and commenters on liberal blogs react.
Bill Clinton has praised John McCain before, as shown by NewsMax back in March, but that was during the highly contested primary campaign between Hillary Clinton and Barack Obama and his most recent comments show that he favors Barack Obama's energy ideas, but praises John McCain and says "either candidate would be progressive on the issue of climate change."

The New York Times' The Caucus reports that Bill Clinton spoke at the National Clean Energy Summit in Las Vegas and said, "Obviously, I favor Senator Obama's energy positions, and Democrats have been by and large the more forward-leaning actors. But John McCain has the best record of any Republican running for president on the energy issue and on climate change." I'm very encouraged about where the presidential rhetoric is in this campaign."

This type of bipartisan praise probably wouldn't have stood out so much if it weren't for the reactions over it in the progressive blogosphere and the comment sections.

For example, peacetrain from Democratic Underground reported the statement and the comment sections went from "oh no not again'" to "Clinton's think McCain would be a better president than O. They Said That," with the followup comment saying Clinton was deliberately trying to undermine Barack Obama.

The conversation went downhill from some people there with one commenter asking why Senator Clinton's should be kissing Senator Obama's ass?

The conflict seems to be occurring between Clinton supporters and Obama supporters, as evidence by the comment section over at Huffington Post.

The three newest comments at this moment bear that out with Soundfury saying, "B i ll doesn't give a fck about jmac's energy plan. He doesn't even believe his own statement. He just wants jmc to win so that h can try again in 2012. So he drops hints and inuendo and insult.

I will never, ever vote for h after this blatant display of treachery and disloyalty."


Justobserve agrees with soundfury by stating, "I wonder whether Bill Clinton remembers the time he won with 43% votes in 1992? Could he have won if a Democrat ex-president had praised his Republican opponent instead of working for Bill's win when voters had doubt of an unknown governor from Arkansas? If Bill doesn't love himself so much, he would have worked for Obama to help him win this time as Bill had gone through the same doubt. But instead, Bill is working to undermine Obama whenever possible. It's clear Bill doesn't want anyone to make history just like himself. Poor soul!"

Then the Hillary supporters start with Joeinvt saying, "Bill continues to get vilified. Imagine if he had said the following at any point.

"I would have to think about it (i.e., supporting Clinton) if she is the nominee."
Michelle Obama, Feb. 4, 2008."


On and on it goes with the original statement by Bill Clinton taking a back seat to arguing between Obama and Clinton supporters.

This is representative of each liberal blog I have visited that has reported Clinton's statement, with the last one being on the Barack Obama website itself, with the writer titling their piece "Bill Clinton Praises McCain On Energy," listing the Huffpo URL and saying just one sentence:

Bill, for the love of God stop it


What none of them focus on is that Clinton did say he favored Obama's policy. Somehow that portion, although reported, didn't make it to the headlines nor was it acknowledged in the discussions.

Unity in the Democratic Party? Not so much.

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CNN Political Analyst: Tide Is Turning In Republican's Direction

Posted: 19 Aug 2008 02:24 PM CDT

CNN's AC360 titles their piece "Is The Tide Turning" and they proceed to show that they believe it is turning in the Republicans favor as well as McCain taking a slight lead in three battleground states now.
CNN's Senior Political Analyst, David Gergen, gives analysis to how Republican presumptive nominee John McCain has managed to turn the tides in his favor as he points to the recent performances by each presidential candidate and says that "McCain showed that he can be a much more formidable and effective campaigner in a joint appearance than hardly anyone imagined."

He declares that the "myth" that young charismatic Obama would have the upper hand against the old meandering John McCain, can be kissed goodbye after their joint appearance at the Saddleback Church.

McCain came roaring out of the gate from the first question and was a commanding figure throughout the night as he spoke directly and often movingly about his past and the country's future. By contrast, Obama was often searching for words and while far more thoughtful, was also less emotionally connective with his audience.


Gergen also asserts that John McCain seems to be on a roll since shaking up his organization a few weeks ago and becoming much more focused on getting through to voters.

The evidence he provides is the trending patterns of the nation polls which has tightened in the last few weeks as well as McCain taking a slight lead in the three key battleground states of Ohio, Virginia and Colorado.

Gergen also believes that while Obama did not lose any of his base with his performance at the Saddleback Church, McCain's support strengthened and he probably gained approval from people who were undecided.

Then he makes the pronouncement that many never thought any publication owned by CNN would ever make when he says, "And the realization is setting in that McCain might just win."

In the meantime, the message of the moment is that John McCain is no old fuddy-duddy who isn't sure where he is going; he was on fire at Saddleback and for the first time, he looks like he could win in November.


Last but not least he gives his opinion on the three thing the Democratic presumptive nominee must do to counter the tide that has turned and those are, pick the right running mate and one that is a fighter, completely unite the party at the Democratic convention and Obama must find his voice in debates making his case as to why he thinks he is strong enough to lead the United states.


When CNN publications can see the tide turning and publish word of it, then the Democrats and Obama really have a problem.

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MSNBC: Biden, Frontrunner For Obama VP Choice: Update- Biden Denies He Is The 'One'

Posted: 19 Aug 2008 01:25 PM CDT



URL to video above of Democratic lawmakers questioning Barack Obama's experience, found at YouTube here.

MSNBC is reporting that according to insiders, Joe Biden is the "clear frontrunner for Veep". yet questions about former Biden statements regarding Barack Obama crop up.
In a piece titled "Biden the clear frontrunner for Veep", MSNBC speaks to insiders that point to the possibility that Joe Biden will be Barack Obama's choice of a vice presidential running mate.

Howard Fineman writes that he has spoken to two of the finalists and two other sources about who will be picked by Obama as his running mate and that the bottom line is, "Barring a big surprise or last-minute change of heart, the choice is likely to be Sen. Joe Biden of Deleware, chairman of the Foreign Relations Committee."

Fineman lists the reasons for that popular line of thought but Biden's own words during the primaries before he dropped out of the presidential race could come back to haunt Obama as well as Biden if he is the choice.

On ABC News' "Political Radar" Blog, 8/2/07, Joe Biden lashed out at Obama saying, "Having talking points on foreign policy doesn't get you there."

As reported by SunTimes, George Stephanopoulos asked Biden and said, "You were asked is he ready. You said 'I think he can be ready, but right now I don't believe he is. The presidency is not something that lends itself to on-the-job training."

Biden's response was clear when he stated, "I think that I stand by the statement."

(That exchange with Biden is shown at the 34 second mark in the video above)

These statements, should Obama choose Biden, would be used just as Hillary Clinton's statements have been used, via video in questioning Obama's experience.

Having the words of Democratic lawmakers used against the Democratic presumptive nominee is something that is already being done by the McCain campaign and it has seen some success in the opinion of some political pundits, but having those words shown over and over again from someone chosen to the vice presidential candidate is not a visual or and idea that would be considered pleasant to many presidential candidates.

According to Fineman, the upside of choosing Biden in some people's minds is that Biden "won't be afraid to get in McCain's face, which is what Obama needs," as others assert that the identical line of thinking is why Biden would be difficult to control as the vice president.

Either way, the Obama's campaign is expected to announce his choice "at the earliest on Wednesday morning" according to the International Herald Tribune.

[Update] Biden says he is not the guy according to MSNBC!!

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No comments:

Conflict: The Power of Propaganda trailer

If Mr. Carter had stuck to Habitat for Humanity instead of Inaccurate Boloney, we could admire him and I did. He has lost all credibility due to his ignorance of the truth in the Middle East. What a sad legacy to leave! Some have said that he has consumed too many bad peanuts and it has affected his brain making him nuttier in his old age.

Blacks Held Back - Dr. Walter E Williams

THE NEW GAME: POWER CLING !!!

Obama learned his lesson well


"Obama learned his lesson well. I am proud to see that my father's model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday." --Letter from L. DAVID ALINSKY, son of Neo-Marxist Saul Alinsky


Hillary, Obama and the Cult of Alinsky: "True revolutionaries do not flaunt their radicalism, Alinsky taught. They cut their hair, put on suits and infiltrate the system from within. Alinsky viewed revolution as a slow, patient process. The trick was to penetrate existing institutions such as churches, unions and political parties....

"One Alinsky benefactor was Wall Street investment banker Eugene Meyer, who served as Chairman of the Federal Reserve from 1930 to 1933. Meyer and his wife Agnes co-owned The Washington Post. They used their newspaper to promote Alinsky....Her series, called 'The Orderly Revolution', made Alinsky famous....

"Alinsky’s crowning achievement was his recruitment of a young high school student named Hillary Rodham. She met Alinsky through a radical church group. Hillary wrote an analysis of Alinsky’s methods for her senior thesis at Wellesley College. ...

"Many leftists view Hillary as a sell-out because she claims to hold moderate views on some issues. However, Hillary is simply following Alinsky’s counsel to do and say whatever it takes to gain power.

"Barack Obama is also an Alinskyite.... Obama spent years teaching workshops on the Alinsky method. In 1985 he began a four-year stint as a community organizer in Chicago, working for an Alinskyite group called the Developing Communities Project.... Camouflage is key to Alinsky-style organizing. While trying to build coalitions of black churches in Chicago, Obama caught flak for not attending church himself. He became an instant churchgoer." [by Richard Poe, 11-27-07] See also Community Oriented Policing


Quote from Saul Alinsky's Book "Rules for Radicals"

In this book we are concerned with how to create mass organizations to seize power and give it to the people; to realize the democratic dream of equality, justice, peace.... "Better to die on your feet than to live on your knees.' This means revolution." p.3

"Radicals must be resilient, adaptable to shifting political circumstances, and sensitive enough to the process of action and reaction to avoid being trapped by their own tactics and forced to travel a road not of their choosing." p.6

"A Marxist begins with his prime truth that all evils are caused by the exploitation of the proletariat by the capitalists. From this he logically proceeds to the revolution to end capitalism, then into the third stage of reorganization into a new social order of the dictatorship of the proletariat, and finally the last stage -- the political paradise of communism." p.10

The one thing he did not learn is the passion of FREE people to be free! - Press4TRuth

Saul Alinsky - Mentor of Obama

WorldNetDaily

War on Gaza. Whoops!

What Obama DOES NOT Know Can Hurt Us


The Financial Post today carried the following article by Alex Epstein that pretty well sums up the problem with a president with NO economic or business experience.

Obama doesn’t get roots of crisis
Posted: April 07, 2009, 7:04 PM by NP Editor
By Alex Epstein

Barack Obama rightly stresses that we first must understand how today’s problems emerged. It is “only by understanding how we arrived at this moment that we’ll be able to lift ourselves out of this predicament.”
Unfortunately, Obama (along with most of the Washington establishment) has created only misunderstanding. In calling for a massive increase in government control over the economy, he has evaded the mountain of evidence implicating the government. For example, Obama’s core explanation of all the destructive behaviour leading up to today’s crisis is that the market was too free. But the market that led to today’s crisis was systematically manipulated by government.
Fact This decade saw drastic attempts by the government to control the housing and financial markets — via a Federal Reserve that cut interest rates to all-time lows and via a gigantic increase in Fannie Mae’s and Freddie Mac’s size and influence.
Fact Through these entities, the government sought to “stimulate the economy” and promote home ownership (sound familiar?) by artificially extending cheap credit to home-buyers.
Fact Most of the (very few) economists who actually predicted the financial crisis blame Fed policy or housing policy for inflating a bubble that was bound to collapse.
How does all this evidence factor into Obama’s understanding of “how we arrived at this moment”? It doesn’t. Not once, during the solemn 52 minutes and 5,902 words of his speech to Congress did he mention the Fed, Fannie or Freddie. Not once did he suggest that government manipulation of markets could have any possible role in the present crisis. He just went full steam ahead and called for more spending, more intervention and more government housing programs as the solution.
A genuine explanation of the financial crisis must take into account all the facts. What role did the Fed play? What about Fannie and Freddie? To be sure, some companies and CEOs seem to have made irrational business decisions. Was the primary cause “greed,” as so many claim — and what does this even mean? Or was the primary cause government intervention — like artificially low interest rates, which distorted economic decision-making and encouraged less competent and more reckless companies and CEOs while marginalizing and paralyzing the more competent ones?
Entertaining such questions would also mean considering the idea that the fundamental solution to our problems is to disentangle the government from the markets to prevent future manipulation. It would mean considering pro-free-market remedies such as letting banks foreclose, letting prices reach market levels, letting bad banks fail, dismantling Fannie and Freddie, ending bailout promises and getting rid of the Fed’s power to manipulate interest rates.
But it is not genuine understanding the administration seeks. For it, the wisdom and necessity of previous government intervention is self-evident; no matter the contrary evidence, the crisis can only have been caused by insufficient government intervention. Besides, the administration is too busy following Obama’s chief of staff’s dictum, “Never let a serious crisis go to waste,” by proposing a virtual takeover of not only financial markets but also the problem-riddled energy and health-care markets — which, they conveniently ignore, are also already among the most government-controlled in the economy.
While Obama has not sought a real explanation of today’s economic problems, the public should. Otherwise, we will simply swallow “solutions” that dogmatically assume the free market got us here — namely, Obama’s plans to swamp this country in an ocean of government debt, government controls and government make-work projects.
Alternative, free-market explanations for the crisis do exist — ones that consider the inconvenient facts Washington ignores — and everyone should seek to understand them. Those who do will likely end up telling our leaders to stop saying “Yes, we can” to each new proposal for expanding government power, and start saying “Yes, you can” to those who seek to exercise their right to produce and trade on a free market.
Financial Post
Alex Epstein is an analyst at the Ayn Rand Center for Individual Rights.

Deciphering Obama in Cairo


Deciphering Obama in Cairo

Center for Security Policy | Jun 05, 2009
By Frank Gaffney, Jr.

By and large, President Obama's address yesterday in Cairo has been well received in both the so-called "Muslim world" and by other audiences. Nobody may be happier with it, though, than the Muslim Brotherhood - the global organization that seeks to impose authoritative Islam's theo-political-legal program known as "Shariah" through stealthy means where violence ones are not practicable. Egyptian Muslim Brothers were prominent among the guests in the audience at Cairo University and Brotherhood-associated organizations in America, like the Council on American Islamic Relations (CAIR), have rapturously endorsed the speech.

The Brotherhood has ample reason for its delight. Accordingly, Americans who love freedom - whether or not they recognize the threat Shariah represents to it - have abundant cause for concern about "The Speech," and what it portends for U.S. policy and interests.

Right out of the box, Mr. Obama mischaracterized what is causing a "time of tension between the United States and Muslims around the world." He attributed the problem first and foremost to "violent extremists [who] have exploited these tensions in a small but potent minority of Muslims." The President never mentioned - not even once - a central reality: The minority in question, including the Muslim Brotherhood, subscribes to the authoritative writings, teachings, traditions and institutions of their faith, namely Shariah. It is the fact that their practice is thus grounded that makes them, whatever their numbers (the exact percentage is a matter of considerable debate), to use Mr. Obama euphemistic term, "potent."

Instead, the President's address characterized the problem as a "cycle of suspicion and discord," a turn of phrase redolent of the moral equivalence so evident in the Mideast peace process with it "cycle of violence." There was not one reference to terrorism, let alone Islamic terrorism. Indeed, any connection between the two is treated as evidence of some popular delusion. "The attacks of September 11, 2001 and the continued efforts of these extremists to engage in violence against civilians has led some in my country to view Islam as inevitably hostile not only to America and Western countries, but also to human rights. This has bred more fear and mistrust."

Then there was this uplifting, but ultimately meaningless, blather: "So long as our relationship is defined by our differences, we will empower those who sow hatred rather than peace, and who promote conflict rather than the cooperation that can help all of our people achieve justice and prosperity."

More often than not, the President portrayed Muslims as the Brotherhood always does: as victims of crimes perpetrated by the West against them - from colonialism to manipulation by Cold War superpowers to the menace of "modernity and globalization that led many Muslims to view the West as hostile to the traditions of Islam." Again, no mention of the hostility towards the infidel West ingrained in "the traditions of Islam." This fits with the meme of the Shariah-adherent, but not the facts.

Here's the irony: Even as President Obama professed his determination to "speak the truth," he perpetrated a fraud. He falsely portrayed what amounts to authoritative Islam, namely Shariah Islam, as something that is "not exclusive," that "overlaps" and "need not be in competition" with "America. Actually, Shariah is, by its very nature, a program that obliges its adherents to demand submission of all others, Muslims (especially secular and apostate ones) and non-Muslims, alike.

This exclusiveness (read, Islamic supremacism) applies most especially with respect to democratic nations like America, nations founded in the alternative and highly competitive belief that men, not God, should make laws. Ditto nations that stand in the way of the establishment of the Caliphate, the global theocracy that Shariah dictates must impose its medieval agenda worldwide. In practice, Shariah is the very antithesis of Mr. Obama's stated goal of "progress; tolerance and the dignity of all human beings." Its "justice" can only be considered by civilized societies to be a kind of codified barbarism.

At least as troubling are what amount to instances of presidential dawa, the Arabic term for Islamic proselytization. For example, Mr. Obama referred four times in his speech to "the Holy Koran." It seems unimaginable that he ever would ever use the adjective to describe the Bible or the Book of Mormon.

Then, the man now happy to call himself Barack Hussein Obama (in contrast to his attitude during the campaign) boasts of having "known Islam on three continents before coming to the region where it was first revealed." An interesting choice of words that, "first revealed." Not "established," "founded" or "invented." The President is, after all, a careful writer, so he must have deliberately eschewed verbs that reflect man's role, in favor of the theological version of events promoted by Islam. Thus, Mr. Obama has gone beyond the kind of "respectful language" he has pledged to use towards Islam. He is employing what amounts to code - bespeaking the kind of submissive attitude Islam demands of all, believers and non-believers alike.

Elsewhere in the speech, Mr. Obama actually declared that "I consider it part of my responsibility as President of the United States to fight against negative stereotypes of Islam wherever they appear." Note that, although he referred in the context of the Israeli-Palestinian-Arab conflict to "vile stereotypes" of Jews, he did not describe it as "part of his responsibility as President" to counter anti-Semitic representations.

Unremarked was the fact that such incitement is daily fare served up by the state media controlled by his host in Egypt, President Hosni Mubarak, by the Palestinian Authority's Mahmoud Abbas and by every other despot in the region with whom Mr. Obama seeks to "engage." Worse yet, no mention was made of the fact that some of those "vile stereotypes" - notably, that Jews are "descendants of apes and pigs" - are to be found in "the Holy Koran," itself.

Perhaps the most stunning bit of dawa of all was a phrase the President employed that, on its face, denies the divinity of Jesus - something surprising from a self-described committed Christian. In connection with his discussion of the "situation between Israelis, Palestinians and Arabs," Mr. Obama said, "...When Jerusalem is a secure and lasting home for Jews and Christians and Muslims, and a place for all of the children of Abraham to mingle peacefully together as in the story of Isra, when Moses, Jesus, and Mohammed (peace be upon them) joined in prayer."

Muslims use the term "peace be upon them" to ask for blessings on deceased holy men. In other words, its use construes all three in the way Islam does - as dead prophets - a treatment wholly at odds with the teachings of Christianity which, of course, holds Jesus as the immortal Son of God.

If Mr. Obama were genuinely ignorant about Islam, such a statement might be ascribed to nothing more than a sop to "interfaith dialogue." For a man who now pridefully boasts of his intimate familiarity with Muslims and their faith, it raises troubling questions about his own religious beliefs. At the very least, it conveys a strongly discordant message to "the Muslim world" about a fundamental tenet of the faith he professes.

Finally, what are we to make of Mr. Obama statements about America and Islam? Since he took office, the President has engaged repeatedly in the sort of hyping of Muslims and their role in the United States that is standard Muslim Brotherhood fare. In his inaugural address, he described our nation as one of "Christians, Muslims and Jews." Shortly thereafter, he further reversed the demographic ordering of these populations by size in his first broadcast interview (with the Saudi-owned al-Arabiya network), calling America a country of "Muslims, Christians and Jews."

Yesterday in Cairo, the President declared that "Islam has always been a part of America's story." Now, to be sure, Muslims, like peoples of other faiths, have made contributions to U.S. history. But they have generally done so in the same way others have, namely as Americans - not as some separate community, but as part of the "E pluribus unum" (out of many, one) that Mr. Obama properly extolled in The Speech.

Unfortunately, a pattern is being established whereby President Obama routinely exaggerates the Muslim character of America. For example, at Cairo University, he claimed there are nearly seven million Muslims in this country - a falsehood promoted by the Muslim Brotherhood and its friends - when the actual number is well-less than half that. Shortly before The Speech, in an interview with a French network, Mr. Obama said, "If you actually took the number of Muslims Americans, we'd be one of the largest Muslim countries in the world."

Incredible as these statements may seem, even more astounding is their implication for those who adhere to Shariah. The President's remarks about America as a Muslim nation would give rise to its treatment by them as part of dar al-Islam, the world of Islam, as opposed to dar al-harb (i.e., the non-Muslim world).

Were the former to be the case, Shariah requires faithful Muslims to rid the United States of infidel control or occupation. And we know from last year's successful prosecution of the Holy Land Foundation - a so-called "charity" engaged in money-laundering for one of the Muslim Brotherhood's terrorist operations, Hamas - that such an agenda tracks precisely with the Brothers' mission here: "To destroy Western civilization from within America, by its own miserable hand."

This reality makes one of Mr. Obama's promises in Cairo especially chilling. Near the end of his address, the President expressed concern that religious freedom in the United States was being impinged by "rules on charitable giving [that] have made it harder for Muslims to fulfill their religious obligation." He went on to pledge: "That is why I am committed to working with American Muslims to ensure that they can fulfill zakat."

Let us be clear: Muslim charities have run into difficulty with "the rules" because they have been convicted in federal court of using the Muslim obligation to perform zakat (tithing to charity) to funnel money to terrorists. At this writing, it is unclear precisely what Mr. Obama has in mind with respect to this commitment to "ensure [Muslims] can fulfill zakat." But you can bet that the Brotherhood will try to translate it into the release of their imprisoned operatives and new latitude to raise money for their Shariah-promoting, and therefore seditious, activities in America.

I could go on, but you get the point. The Speech contained a number of statements about the laudable qualities of America, the need for freedom in the Muslim world, about women's rights and the desirability of peace. But its preponderant and much more important message was one that could have been crafted by the Muslim Brotherhood: America has a president who is, wittingly or not, advancing the Brotherhood's agenda of masking the true nature of Shariah and encouraging the West's submission to it.

Frank J. Gaffney, Jr. is President of the Center for Security Policy in Washington. An abbreviated version of this article appeared in Newsmax, June 5, 2009.

OBAMA for CHANGE ??? A Stimulating Thought !!!

[As you will see below, even Jackie Mason doesn't think this is funny!] Rahm Emanuel's statement in November, "Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before."

Well now we have the proof. I said it before Mr. Obama was elected. The ONLY change that Obama expects to bring to Washington is him in the white house!

Now we have the proof. This "STIMULUS" bill is anything BUT stimulating! Apparently hundreds of phone calls against the bill are coming into government offices. But the government of the people, by the people and for the people has now become the government OVER the people, right by the people and FOR the democratic party in government!

Didn't Mr. Obama say that he wanted to CHANGE the way Washington worked? Ha, well now we know how.

So Mr. Obama has brought CHANGE TO AMERICA... yes CHANGE AS TO WHO GETS THE PORK. - His soundbytes about there being NO PORK in the bill are absolute blatant lies.

The letters and calls to the congress were 100:1 AGAINST this package but that did not thwart the courageous congress from paying back all their supporters AGAINST the will of the people!

However it was that unofficial third party in the U.S. called the left-wing socialist media combined with the fairy-tale elite in Hollywood. who actually elected Mr. Obama.

The so-called "stimulus" bill just passed in the U.S. will stimulate that famous employer, the National Association for the Endowment for the Arts, build Milwaukee schools when 15 are empty with declining enrolment and so on.

It is complete PORK. There may be a few million of the billions here and there which might actually do a little but the stock market tells all as they have been in freefall as the "package" made it's way through the congress.

Yes is it payback time as the hog trough package goes out to all the supporters which the Democrats did not have the power to reward previously.

What Mr. Obama came to the Whitehouse to change was ONE THING ... WHO GET'S THE PORK?

The bill is full of nothing but spending to reward those who elected Mr. Obama and his "Democratic" presidential guards and very little to help the average worker at all.

It is a sad time when telling blatant lies and rewarding those who support you are more important than actually helping people cope with this deep recession.

So much for the country of Abraham Lincoln and a country which was "of the people, by the people, for the people". Unless of course those people are Democratic suckies.

If even comedian Jackie Mason sees this, there perhaps is hope for the American people somewhere.

Obama's Plan for Change

Research Suggests That GOVERNMENT STIMULUS SPENDING May Worsen Situation

Terence Corcoran reports in the National Post on Friday, January 16, 2009 that the STIMULUS everyone is yelling for may only work over a short period and may actually MAKE THE ECONOMY WORSE over longer periods.

See original article here.


WHO SAYS A STIMULUS ACTUALLY STIMULATES?

or is it simply temporary VIAGRA for the ECONOMY?

POINTS from article above ...

-"Except for one problem: What if it's not true? What if, as a wide and growing school of economists now suspect, the government spending and stimulus theory is a crock that is shovel-ready to be heaved out into the barnyard of economic waste?

- "What if, as a wide and growing school of economists now suspect, the government spending and stimulus theory is a crock that is shovel-ready to be heaved out into the barnyard of economic waste?"

- Even disciples of Keynes, such as Harvard's Greg Mankiw, recently highlighted economic studies that show government spending binges -- shocks, they are sometimes called -- don't seem to help the economy grow. They might even make it worse.

-One of the studies cited by Mr. Mankiw was by two European economists (Andrew Mountford and Harald Uhlig), titled "What are the Effects of Fiscal Shocks?" It looked at big deficit-financed spending increases and found that they stimulate the economy for the first year, but "only weakly" compared with a deficit financed tax cut. The overriding problem is that the deficits crowd out private investment and, over the long run, may make the economy worse. "The resulting higher debt burdens may have long-term consequences which are far worse than the short-term increase in GDP."

-A paper by two economists, including the current chief economist at the International Monetary Fund, Olivier Blanchard, concluded that increased taxes and "increases in government spending have a strong negative effect on private investment spending."

-Roberto Perotti, an Italian economist with links to Columbia University, in "Estimating the Effects of Fiscal Policy in OECD Countries," found nothing but bad news for Keynesians. Economic growth is little changed after big increases in government spending, but there are signs of weakening private investment.

- What we all might logically intuit to be true -- spend government money, especially borrowed money, and you stimulate growth -- has long been thought to be a fallacy by some economists. That thought is now spreading. British economist William Buiter said the massive Obama fiscal stimulus proposals "are afflicted by the Keynesian fallacy on steroids."

Except for one problem: What if it's not true? What if, as a wide and growing school of economists now suspect, the government spending and stimulus theory is a crock that is shovel-ready to be heaved out into the barnyard of economic waste?

The Prime Minister, in his comments on Friday, seemed to be riding right into the barnyard. He said the government would be simply "borrowing money that is not being used" and "that business is afraid to invest." By borrowing that money, and turning it over to all the groups and interests looking for part of the stimulus spending, he would be jump-starting activity while the private sector got its legs back.

Even disciples of Keynes, such as Harvard's Greg Mankiw, recently highlighted economic studies that show government spending binges -- shocks, they are sometimes called -- don't seem to help the economy grow. They might even make it worse.

One of the studies cited by Mr. Mankiw was by two European economists (Andrew Mountford and Harald Uhlig), titled "What are the Effects of Fiscal Shocks?" It looked at big deficit-financed spending increases and found that they stimulate the economy for the first year, but "only weakly" compared with a deficit financed tax cut. The overriding problem is that the deficits crowd out private investment and, over the long run, may make the economy worse. "The resulting higher debt burdens may have long-term consequences which are far worse than the short-term increase in GDP."

Two other studies point in the same direction. A paper by two economists, including the current chief economist at the International Monetary Fund, Olivier Blanchard, concluded that increased taxes and "increases in government spending have a strong negative effect on private investment spending."

Roberto Perotti, an Italian economist with links to Columbia University, in "Estimating the Effects of Fiscal Policy in OECD Countries," found nothing but bad news for Keynesians. Economic growth is little changed after big increases in government spending, but there are signs of weakening private investment.

What we all might logically intuit to be true -- spend government money, especially borrowed money, and you stimulate growth -- has long been thought to be a fallacy by some economists. That thought is now spreading. British economist William Buiter said the massive Obama fiscal stimulus proposals "are afflicted by the Keynesian fallacy on steroids."

Over at Stimulus Canada, Mr. Harper's plan looks somewhat more modest and Canada is not in the same fiscal fix as the United States. But Ottawa and the provinces are clearly ready to borrow big wads of money from the future to stimulate the economy today. It's money that is supposedly sitting out there in the timid hands of investors who will be repaid with tax dollars later.

But if that stimulus spending does not generate much fresh economic growth, and the borrowing chews up money that private investors could invest in the future, the shovel-ready brigades who get the cash today will produce only short term gains at the expense of the long term health of the economy.

[Doesn't it make you wonder when nobody seems to know what to do but some of the advice of the best researchers suggests that a STIMULUS may actually HARM the economy? Some economic researchers point to FDR and the Great Depression and suggest that FDR actually INCREASED the length of the depression. He was obviously and encourager and inspired hope which is an important factor as we see when the markets fall like bricks. But did his fiscal policy actually make it longer?]

The Stimulus Package

FDR POLICIES Prolonged Depression

FDR's policies prolonged Depression by 7 years, UCLA economists calculate

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."

Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt's policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.

In the three years following the implementation of Roosevelt's policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.

Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.

"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."

The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.

Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.

Roosevelt's role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century's second-most influential figure.

"This is exciting and valuable research," said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. "The prevention and cure of depressions is a central mission of macroeconomics, and if we can't understand what happened in the 1930s, how can we be sure it won't happen again?"

NIRA's role in prolonging the Depression has not been more closely scrutinized because the Supreme Court declared the act unconstitutional within two years of its passage.

"Historians have assumed that the policies didn't have an impact because they were too short-lived, but the proof is in the pudding," Ohanian said. "We show that they really did artificially inflate wages and prices."

Even after being deemed unconstitutional, Roosevelt's anti-competition policies persisted — albeit under a different guise, the scholars found. Ohanian and Cole painstakingly documented the extent to which the Roosevelt administration looked the other way as industries once protected by NIRA continued to engage in price-fixing practices for four more years.

The number of antitrust cases brought by the Department of Justice fell from an average of 12.5 cases per year during the 1920s to an average of 6.5 cases per year from 1935 to 1938, the scholars found. Collusion had become so widespread that one Department of Interior official complained of receiving identical bids from a protected industry (steel) on 257 different occasions between mid-1935 and mid-1936. The bids were not only identical but also 50 percent higher than foreign steel prices. Without competition, wholesale prices remained inflated, averaging 14 percent higher than they would have been without the troublesome practices, the UCLA economists calculate.

NIRA's labor provisions, meanwhile, were strengthened in the National Relations Act, signed into law in 1935. As union membership doubled, so did labor's bargaining power, rising from 14 million strike days in 1936 to about 28 million in 1937. By 1939 wages in protected industries remained 24 percent to 33 percent above where they should have been, based on 1929 figures, Cole and Ohanian calculate. Unemployment persisted. By 1939 the U.S. unemployment rate was 17.2 percent, down somewhat from its 1933 peak of 24.9 percent but still remarkably high. By comparison, in May 2003, the unemployment rate of 6.1 percent was the highest in nine years.

Recovery came only after the Department of Justice dramatically stepped enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found.

"The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."

-UCLA-

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx?RelNum=5409

LSMS368


AIG & Taxes & Free Enterprise

Mr Obama: Please Prove You ARE Non-Partisan

Mr. Obama will now have to prove he is non-partisan.

Editor: If he makes the mistake of believing that he is only the President of the 52% of the population that elected him and of the far-left liberal democrats, and tries to enact laws which the 46% who voted for McCain vehementally oppose, he will create more partisanship than has ever occurred before.

Now is his test. Will he leave failed socialistic policies like the War on Poverty and the Great Society behind, or will he make the same mistakes as his liberal precessors?

So now is the time for Mr. Obama to shine, but shine on the right as well as the left. Shine on the almost half the United States which are part of red states and red counties in blue states. He will become president of both and to be inclusive as an agent of change, he must govern in the best interests of middle America.

This article from the NP reflects some of that concern:

Sharing wealth will drain it

Obamanomics a drag on growth

Jacqueline Thorpe, National Post Published: Thursday, November 06, 2008

As the fervour fades, the world will have to get used to a new word: Obamanomics.

It means tax hikes for the rich, tax cuts for the poor and middle class, a promise to renegotiate NAFTA, greater union power, windfall taxes on oil and gas profits, higher taxes on capital gains and corporate dividends and more comprehensive health care coverage.

Barack Obama's economic plan may deliver the greater income equality Americans have apparently been craving, but also slower growth. Despite the vast tax hikes, it will cost a vast sum and U. S. federal finances, already ravaged by bailouts and recession, will slide deeper into the red.

The plan is not market-friendly but that does not mean the markets will not like an Obama presidency. If he can give the U. S. back its confidence, restore its reputation and sense of optimism, markets will take the bait as they have done with Democratic presidents so often in the past.

If he can become a Clintonstyle pragmatist, resist caving to every whim of a deeply left Congress, and not meddle with the bailouts that seem to be gingerly gaining traction, markets might even run with his presidency. The year from hell for investors could then be nearing an end.

Obamanomics is essentially about taking more money from the rich and giving it to the poor, plain old-fashioned "neighbourliness" as Mr. Obama has described it.

-

Or, as others have remarked, taking money from those who earn it and giving it to those who don't.

Under his income tax plan, Mr. Obama says he will provide tax cuts for 95% of Americans. He will do this by repealing Bush tax cuts -- set to expire in 2010 -- and bumping the top rates back to 36% from 33% and to 39.6% from 35%. Individuals earning over US$200,000 and families over US$250,000 will see sizable tax increases. This includes sole proprietors of businesses such as lawyers, accountants or plumbers called Joe.

Since 38% of Americans currently do not pay federal income taxes, Mr. Obama will provide them with refundable tax credits. Under his plan, 48% of Americans will pay no income tax.

"For the people that don't pay taxes, he is simply going to write them a cheque," says Andy Busch, global foreign exchange strategist at BMO Capital Markets. "That is income redistribution at its worst and produces very little value."

Other plans include raising taxes on capital gains and dividends to 20% from 15% for families earning more than US$250,000. He plans to leave the corporate tax rate at 35%, which in a world of rapidly falling rates, looks positively anti-business. He will introduce windfall taxes on oil and gas companies but offer US$4-billion in credits to U. S. auto-makers to retool to greener cars.

Much has been made of Mr. Obama's plan to renegotiate NAFTA to make it more labour-friendly, though no one seems to believe he will actually make it more protectionist.

The bottom line is this: Obama's economic plan is likely to be a drag on growth and it will cost money. The nonpartisan Tax Policy Center estimates Obama's program would add US$3.5-trillion to U. S. debt over the next 10 years, including interest. His plans for health care-- which may be delayed by financial necessity -- would tack on another US$1.6-trillion.

Read more here.

Obama - Who Are You?

Obama Sued by Democrat to Produce Birth Certificate Obama's Birth Certificate MUST SEE VIDEO Philip Berg, a DEMOCRAT is the man who is suing Barack Obama to hand over his Birth Certificate. The video below gives his Credentials and the Mr. Berg lays out his case in Berg v. Obama, and explains why it is important for the case to be resolved quickly. In his argumentation, Mr. Berg points out that Senator Obama could settle the lawsuit immediately by producing the proper documents to prove Obama is a natural-born citizen as required by our constitution. It is A MUST SEE..MUST PASS AROUND VIDEO!

NOW LA PRESIDENT SUPPORTS SARAH PALIN

Veteran Accuses Senator Obama of Being Wrong

OBAMA'S ECONOMIC PLAN

WHY IT IS WRONG TO CALL IRAQ A MISTAKE

OBAMA Comment by AltMuslim.com

This is an interesting comment by the website AltMuslim.com.
[Editor:Just because his middle name is Hussain does NOT mean he's a Muslim. Just because his church gave Lewis Farakhan last year a Lifetime Achievement award does

NOT mean he is a Muslim. Just because he wore traditional Muslim dress when visiting in Sudan does NOT mean he is a Muslim. So what does it mean? Read what they say for yourself.]
=================================

Friday, April 18, 2008

Obama's Problem with the Truth [David Freddoso]

First the "hundred years" controversy, and now this. Is the man a liar, or are his speechwriters and advisors just that willing to leave him vulnerable to attack?

Obama's Problem
February 07, 2008 01:00 PM EST

The Peculiar Theology of Black Liberation

Spengler, Asia Times (Hong Kong), March 18, 2008

Senator Barack Obama is not a Muslim, contrary to invidious rumors. But he belongs to a Christian church whose doctrine casts Jesus Christ as a “black messiah” and blacks as “the chosen people”. At best, this is a radically different kind of Christianity than most Americans acknowledge; at worst it is an ethnocentric heresy.

What played out last week on America’s television screens was a clash of two irreconcilable cultures, the posture of “black liberation theology” and the mainstream American understanding of Christianity. Obama, who presented himself as a unifying figure, now seems rather the living embodiment of the clash.

One of the strangest dialogues in American political history ensued on March 15 when Fox News interviewed Obama’s pastor, the Reverend Jeremiah Wright, of Chicago’s Trinity Church. Wright asserted the authority of the “black liberation” theologians James Cone and Dwight Hopkins:

Wright: How many of Cone’s books have you read? How many of Cone’s book have you read?

Sean Hannity: Reverend, Reverend?

(crosstalk)

Wright: How many books of Cone’s have you head?

Hannity: I’m going to ask you this question . . .

Wright: How many books of Dwight Hopkins have you read?

Hannity: You’re very angry and defensive. I’m just trying to ask a question here.

Wright: You haven’t answered—you haven’t answered my question.

Hopkins is a full professor at the University of Chicago’s Divinity School; Cone is now distinguished professor at New York’s Union Theological Seminary. They promote a “black power” reading of Christianity, to which liberal academic establishment condescends.

Obama referred to this when he asserted in a March 14 statement, “I knew Reverend Wright as someone who served this nation with honor as a United States Marine, as a respected biblical scholar, and as someone who taught or lectured at seminaries across the country, from Union Theological Seminary to the University of Chicago.” But the fact the liberal academy condescends to sponsor black liberation theology does not make it less peculiar to mainstream American Christians. Obama wants to talk about what Wright is, rather than what he says. But that way lies apolitical quicksand.

Since Christianity taught the concept of divine election to the Gentiles, every recalcitrant tribe in Christendom has rebelled against Christian universalism, insisting that it is the “Chosen People” of God—French, English, Russian, Germans and even (through the peculiar doctrine of Mormonism) certain Americans. America remains the only really Christian country in the industrial world, precisely because it transcends ethnicity. One finds ethnocentricity only in odd corners of its religious life; one of these is African-American.

During the black-power heyday of the late 1960s, after the murder of the Reverend Martin Luther King Jr, the mentors of Wright decided that blacks were the Chosen People. James Cone, the most prominent theologian in the “black liberation” school, teaches that Jesus Christ himself is black. As he explains:

Christ is black therefore not because of some cultural or psychological need of black people, but because and only because Christ really enters into our world where the poor were despised and the black are, disclosing that he is with them enduring humiliation and pain and transforming oppressed slaves into liberating servants.

Theologically, Cone’s argument is as silly as the “Aryan Christianity” popular in Nazi Germany, which claimed that Jesus was not a Jew at all but an Aryan Galilean, and that the Aryan race was the “chosen people”. Cone, Hopkins and Wright do not propose, of course, to put non-blacks in concentration camps or to conquer the world, but racially-based theology nonetheless is a greased chute to the nether regions.

Biblical theology teaches that even the most terrible events to befall Israel, such as the Babylonian destruction of Jerusalem in 586 BCE, embody the workings of divine justice, even if humankind cannot see God’s purpose. James Cone sees the matter very differently. Either God must do what we want him to do, or we must reject him, Cone maintains:

Black theology refuses to accept a God who is not identified totally with the goals of the black community. If God is not for us and against white people, then he is a murderer, and we had better kill him. The task of black theology is to kill Gods who do not belong to the black community. . . . Black theology will accept only the love of God which participates in the destruction of the white enemy. What we need is the divine love as expressed in Black Power, which is the power of black people to destroy their oppressors here and now by any means at their disposal. Unless God is participating in this holy activity, we must reject his love. [1]

In the black liberation theology taught by Wright, Cone and Hopkins, Jesus Christ is not for all men, but only for the oppressed:

In the New Testament, Jesus is not for all, but for the oppressed, the poor and unwanted of society, and against oppressors. . . . Either God is for black people in their fight for liberation and against the white oppressors, or he is not [Cone].

In this respect black liberation theology is identical in content to all the ethnocentric heresies that preceded it. Christianity has no use for the nations, a “drop of the bucket” and “dust on the scales”, in the words of Isaiah. It requires that individuals turn their back on their ethnicity to be reborn into Israel in the spirit. That is much easier for Americans than for the citizens of other nations, for Americans have no ethnicity. But the tribes of the world do not want to abandon their Gentile nature and as individuals join the New Israel. Instead they demand eternal life in their own Gentile flesh, that is, to be the “Chosen People”.

That is the “biblical scholarship” to which Obama referred in his March 14 defense of Wright and his academic prominence. In his response to Hannity, Wright genuinely seemed to believe that the authority of Cone and Hopkins, who now hold important posts at liberal theological seminaries, was sufficient to make the issue go away. His faith in the white establishment is touching; he honestly cannot understand why the white reporters at Fox News are bothering him when the University of Chicago and the Union Theological Seminary have put their stamp of approval on black liberation theology.

Many things that the liberal academy has adopted, though, will horrify most Americans, and not only “black liberation theology” (Queer Studies comes to mind, among other things). It cannot be in Obama’s best interests to appeal to the authority of Cone, whose unapologetic racism must be repugnant to the great majority of Americans, including the majority of black Americans, who for the most part belong to Christian churches that preach mainstream Christian doctrine. Christianity teaches unconditional love for a God whose love for humankind is absolute; it does not teach the repudiation of a God who does not destroy our enemies on the spot.

Whether Obama takes seriously the doctrines that Wright preaches is another matter. It is possible that Obama does not believe a word of what Wright, Cone and Hopkins teach. Perhaps he merely used the Trinity United Church of Christ as a political stepping-stone. African-American political life is centered around churches, and his election to the Illinois State Senate with the support of Chicago’s black political machine required church membership. Trinity United happens to be Chicago’s largest and most politically active black church.

Obama views Wright rather at arm’s length: as the New York Times reported on April 30, 2007:

Reverend Wright is a child of the 60s, and he often expresses himself in that language of concern with institutional racism and the struggles the African-American community has gone through,” Mr Obama said. “He analyzes public events in the context of race. I tend to look at them through the context of social justice and inequality.

Obama holds his own views close. But it seems unlikely that he would identify with the ideological fits of the black-power movement of the 1960s. Obama does not come to the matter with the perspective of an American black, but of the child of a left-wing anthropologist raised in the Third World, as I wrote elsewhere (Obama’s women reveal his secret , Asia Times Online, February 26, 2008). It is possible that because of the Wright affair Obama will suffer for what he pretended to be, rather than for what he really is.

Note

1. See William R Jones, “Divine Racism: The Unacknowledged Threshold Issue for Black Theology”, in African-American Religious Thought: An Anthology, ed Cornel West and Eddie Glaube (Westminster John Knox Press).

Original article

(Posted on March 17, 2008)


Comments

I have mixed feelings about the whole Jeremiah Wright ordeal. On one hand, I understand his feelings. As a white man, I choose to stand with my race just as he chooses to stand with his. Thus, I can’t fault him for his views. On the other hand, I also recognize that Rev. Wright would never attempt to understand my feelings or concerns so why should I try to understand his? The fact is, people like Wright are not intellectually consistent with their beliefs; they preach ethno-centrism and border-line hatred of other races yet would accuse a white man of being “racist” for the slightest perceived insult.

Posted by Conrad R. at 6:03 PM on March 17


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Jeremiah Wright, Obama's Former Pastor - Christian in Name but what???

March 26, 2008

How the Leftist Churches Set a Time Bomb for the Democrats

By James Lewis
Until the Rev. Jeremiah Wright, Senator Obama's spiritual mentor in Black Liberation Theology, popped out of the woodwork, I didn't even know about BLT -- Black Liberation Theology. But the doctrines of Black Liberation have been preached since 1966 in black churches, with the enthusiastic support of white churches of the Left, notably the United Church of Christ. The Rev. Wright runs an official UCC church.

Though I am not a professional theologian, I daresay that Jesus would not, repeat not, approve of BLT. Because Black Liberation Theology seems to go straight against every single word in the Sermon on the Mount. Odd that the UCC has never noticed that over the last fifty years.

In fact, the liberal churches have bestowed great influence and prestige on the inventor of Black Liberation Theology, a Dr. James Hal Cone. Writes Dr. Cone, among other things,


* "Black theology refuses to accept a God who is not identified totally with the goals of the black community. If God is not for us and against white people, then he is a murderer, and we had better kill him."

* "All white men are responsible for white oppression."

* "While it is true that blacks do hate whites, black hatred is not racism."

* "Theologically, Malcolm X was not far wrong when he called the white man "the devil.""

* "The black theologian must reject any conception of God which stifles black self-determination by picturing God as a God of all peoples."

* "We have had too much of white love, the love that tells blacks to turn the other cheek and go the second mile. What we need is the divine love as expressed in black power, which is the power of blacks to destroy their oppressors, here and now, by any means at their disposal."

Apparently liberal religious authorities like those at the United Church of Christ love this preaching so much that they have made Dr. Cone a professor at the Union Theological Seminary, the "Charles Augustus Briggs Distinguished Professor of Systematic Theology." It is a stamp of official approval for a peddler of race hatred.

What would Jesus say? Well, we may never know that, but in a month we'll know what Pennsylvania Democrats will say. And if they turn thumbs down on that grandchild of Black Liberation Theology, Senator Barack Obama, the Democrats will have no one to blame but themselves. Including the Churches of the Left, which have reveled in rage-mongering radical chic since the Sixties.

If you've ever wondered why black people in America have had such a hard time rising in society, even after slavery ended in 1865, even after the Civil Rights Acts of the 1960s, even after affirmative action tilted the playing field in their favor, the answer has to be found in the doctrines that have been preached to blacks by their most powerful leaders. If Black Liberation Theology is to be believed, blacks can never make it on their own. They have to rely on a separatist, rage-filled ideology, supported whole-heartedly by white Leftist churches.

The Left has a long, long habit of shafting the very people is purports to love. Instead, the Left only empowers Leftist elites. Look at the history of the Soviet Union, of Maoist China, of Fidel Castro. Who profited from those regimes except the elites, dining on caviar while ordinary people starved? Today Hugo Chavez is squandering Venezuela's oil wealth on his personal ego trips. It is the poor who suffer from Chavez' caudillismo.

What the Church of the Left have done to poor blacks is just like that. Instead of supporting messages of hope and strength, they celebrated the rage demagogues who keep people in thrall. "Black Liberation" is an enslavement of the mind. If you keep black people popping with anger at whites, half a century after the end of Jim Crow, you are not helping them. You are hurting them.

For the Democrats, who have knowingly supported this corruption of the poor for decades, the churches of Left have set a time bomb. Next month we'll see if it explodes.

Maybe it's Divine justice.

James Lewis blogs at dangeroustimes.wordpress.com/

Page Printed from: http://www.americanthinker.com/2008/03/how_the_leftist_churches_set_a.html at March 30, 2008 - 11:06:16 PM EDT

Why is Obama Ducking the Questions? Only One Possible Reason!

[excerpted from http://proteinwisdom.com/?p=11541]

March 21, 2008
Dems 2008: McClatchy discovers Black Liberation Theology [Karl]

Given the chain’s general leftward slant, it is all the more notable that McClatchy is perhaps the first establishment media outlet to report some of the specifics of the Black Liberation Theology that is the vision of Trinity United Church of Christ in Chicago, Barack Obama’s church — and to note (as already noted here) that Obama dodged the larger issue:

Obama’s speech Tuesday on race in America was hailed as a masterful handling of the controversy over divisive sermons by the longtime pastor of Trinity United, the recently retired Rev. Jeremiah A. Wright Jr.

But in repudiating and putting in context Wright’s inflammatory lines about whites and U.S. foreign policy, the Democratic presidential front-runner didn’t address other potentially controversial facts about his church and its ties.

McClatchy’s Margaret Talev went so far as to interview Dr. James H. Cone, who first presented Black Liberation Theology as a system of thought in the late 1960s. Dr. Cone reaffirmed his prior view that Trinity most embodies his message and opined that he thought the Rev. Wright’s successor, the Rev. Otis Moss III, would continue the tradition. (It does seem likely so far.)

Unfortunately, the piece quotes only Dr. Cone and Dwight Hopkins, a Trinity member and liberation theology professor at the University of Chicago’s divinity school. Apparently, McClatchy could not be bothered to contact neutral theologians or critics of Black Liberation Theology. As a result, Cone and Hopkins get away with softening the harder edges of their theology.

Nevertheless, McClatchy has now done more than most of the establishment media (and certainly more than TIME magazine’s new puff piece or the ignorant and inane ramblings of E.J. Dionne, Jr.) on the underlying issue, even as it hypothesizes Obama’s church membership is one of political convenience rather than reading Obama’s writings on the subject, which are consistent with the theology.

Most important, McClatchy sought answers from the Obama campaign on the issue:

It isn’t clear where Obama’s beliefs and the church’s diverge. Through aides, Obama declined requests for an interview or to respond to written questions about his thoughts on Jesus, Cone or liberation theology.

That is the standard response of the Obama campaign to any controversy, as anyone trying to report on Obama’s relationship with Tony Rezko will tell you. Obama will not answer press inquiries until the establishment media turns up the heat to the point where he feels compelled to do so. That pattern should trouble people far beyond those concerned about the degree to which Obama susbscribes to Black Liberation Theology.

(h/t Gateway Pundit.)

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Press4Truth contains opinions of various authors and does not necessarily represent the views of Press 4 Truth. They are presented often to challenge the accepted thinking which very often is obtained from soundbytes rather than study of the issues.