Wednesday, February 20, 2008
 WHY ARE WE BAILING THESE PEOPLE OUT
More and more talk of using taxpayer money to bail out all of these folks who
are in trouble with their mortgages. Is this how we teach the idea of personal
responsibility? You buy a home you damned well know you can't afford; you
borrow more money than you can hope to pay back; and when you get in trouble you
start whining for the government to seize some money from other people who have
been more responsible than you have .. all to bail you out.
There's a new trend out there, by the way. Some low-lifes who borrowed too
much to buy a home they couldn't afford are trashing those homes before they put
the keys on the kitchen counter and walk away. It's sort of a real estate
version of "If I can't have her nobody can have her."
In all the coverage of the mortgage crisis the media is leaving out something
rather important. That would be one of the reasons we got into this mess in the
first place. Years ago newspapers were just full of special investigative
reports on things like "red lining." The gist of the stories was that mortgage
lenders were intentionally keeping minorities and low-income people from
realizing the American dream of owning your own home. Politicians at the state
and national level were issuing dire threats of government intervention if these
lenders didn't start making loans ... essentially to people who did not really
qualify for them. Hence ... sub-prime loans.
I know .. that's just part of the story, but it's a major part. If you
coerce lenders into making loans to people who don't qualify ... this is the
inevitable result.
TEN IN A ROW
Obama
won Wisconsin and Hawaii yesterday. Hawaii was no surprise since he
was born there. Wisconsin, however, was a battleground. Hillary has now lost
ten primaries in a row. Surely she's going to completely lose it soon. I know,
the experts say that this isn't going to happen ... but I'm hoping for a Howard
Dean moment.
OBAMA'S COMMUNIST MENTOR
 If you've been listening to me for a good portion of my 38 years in talk
radio, you know that I have never been one to see a Communist under every
duvet. I recognized the threat of Communism, and realized that our colleges and
universities were just chock full of Marxist professors. After all, where else
are you going to go when you can't survive in the private sector?
There are times, though, when the "C" word should be invoked – and not just
to describe Jane Fonda. One of those times would be when you have someone
running for president of the United States who has shown a somewhat unusual
level of interest in Communist philosophy.
Yesterday on the show, I asked the listeners to tell me what Barack Obama has
actually accomplished. Not much, it seems. So now let's move on to a different
idea ...
Barack Obama's childhood mentor, Frank Marshall Davis, was a communist.
You've heard me mention many times that Barack Obama had an affinity to
communist professors in his day. Well now it's time to get down to the
nitty-gritty details of what exactly that means.
If you read the linked story you'll find that Frank Marshall Davis was a
publicly identified member of the Communist Party USA. Davis, a black writer,
was accused of being involved in several communist-front organizations by the
House Un-American Activities Committee.
Obama, in his book, Dreams From My Father, refers to Davis repeatedly as just
"Frank" ... assumingly because Obama is not a stupid man and did not want to show
the world that his mentor is a card-carrying Communist. So what does Obama tell
us about Frank? Well Frank was a poet who visited his family in Hawaii. Frank
was, according to Obama, "a contemporary of Richard Wright and Langston Hughes
during his years in Chicago..." Frank was "his old Black Power dashiki self"
who gave Obama advice on his career and his college education.
Well someone finally put two and two together ... "Frank" was the same Frank
Marshall Davis, black communist writer. In March of 2007 Gerald Horne, a
contributing editor of the Communist Party journal Political Affairs, made a
speech at the reception of the Communist Party USA archives at the Tamiment
Library at NYU. His speech was called "Rethinking the History and Future of the
Communist Party."
Here's what professor Horne (a fellow communist) had to say:
... deploring these convictions in Hawaii was an African-American poet and
journalist by the name of Frank Marshall Davis, who was certainly in the orbit
of the CP – if not a member – and who was born in Kansas and spent a good deal
of his adult life in Chicago, before decamping to Honolulu in 1948 at the
suggestion of his good friend Paul Robeson. Eventually, he befriended another
family – a Euro-American family – that had migrated to Honolulu from Kansas and
a young woman from this family eventually had a child with a young student from
Kenya East Africa who goes by the name of Barack Obama, who retracing the steps
of Davis eventually decamped to Chicago. In his best selling memoir 'Dreams of
my Father', the author speaks warmly of an older black poet, he identifies
simply as "Frank" as being a decisive influence in helping him to find his
present identity as an African-American, a people who have been the least
anticommunist and the most left-leaning of any constituency in this nation –
though you would never know it from reading so-called left journals of opinion.
So what do we have here? A communist helping the Democrat front runner being
"a decisive influence in helping (Barack Obama) find his identity"? Curious, to
say the least.
EXXON MOBILE PROFITS
I covered this on the Information Overload portion of the Boortz show
yesterday. Web Guy and Cristina tell me that there have been hundreds of email
requests to put the information here in the Nuze.
Happy to oblige.
The issue here is the profit figures for Exxon Mobile. This oil company has
been a favorite target for leftist, anti-capitalist politicians. I'm sure you
remember Hillary screeching about wanting "to take those profits" so that she
could spend them.
Recap: In 2006 Exxon reported profits of $39.5 billion. Politicians went
nuts. In 2007 those profits went to $40.6 billion. Politicians went nutsier.
The reason politicians can successfully demagogue these profits is that the
vast majority .. and we're talking 95% and above .. of Americans couldn't tell
you the difference between a profit and a profit margin if their flat screen TVs
depended on it. Simply stated, profit is the total amount you make. Profit
margin is how much you make on each dollar of sales. You would think that this
would be taught in our government schools ... but if you did think that you would
be wrong.
So ... what has been happening to Exxon's profit margin during these record
profit years? Staying about the same, that's what; around 10%. The reason
their profits have been increasing is because the price of crude oil has been
going up ... bring gas prices up with them ... thus increasing the dollar amount of
sales. Profit – up. Profit margins – 'bout the same.
By the way ... financial institutions and cosmetics companies have been
enjoying higher margins ... along with many other sectors of our economy.
Now .. the numbers that I presented yesterday. Pretty eye-opening. The
research was posted on the
Seeking Alpha website.
Over the past three years Exxon Mobile has paid an average of $27 billion a
year in taxes to the Imperial Federal Government. This has amounted to about
41% of Exxon's taxable income.
The last year for which complete numbers on who pays what taxes are available
was 2004. In 2004 there were 130 million individual tax returns filed. If you
take the bottom 50% of those tax returns – 65 million of them – and add up the
total amount of taxes those households paid you come up with $27.4 billion.
This means that one corporation, Exxon Mobile, pays as much in taxes to the
federal government as do the bottom half of individual taxpayers. How's that for
paying your fair share.
There's more. The Adjusted gross income for the bottom 50% of taxpayers
comes out to about $922 billion. This means that these taxpayers are paying an
effective tax rate of about 3% of their adjusted gross income. Exxon? Adjusted
gross income of around $67.4 billion in 2006 ... for an effective tax rate of
41%.
There's the facts, my friends. If you're able to absorb them you'll see just
how you're being manipulated by the likes of Hillary Clinton and other
politicians. If the American voters were truly educated they couldn't get away
with it for a minute.
THE MYSTERIOUS DISAPPEARANCE
 Journalist Matthew Lee is the editor-in-chief, Webmaster and likely sole
reporter for Inner City Press. Since 2005, Lee has focused his website almost
entirely on stories about internal corruption within the UN. One of his
favorite arms to pick on is the UN Development Program.
So what's the issue? Well Lee's stories used to be prominently featured
whenever you Googled news about the UN.
But as of February 13th, that is no longer the case. This apparently
started on February 8th when Lee received the following email from Google: "We
periodically review news sources, particularly following user complaints, to
ensure Google News offers a high quality experience for our users ... When we
reviewed your site we've found that we can no longer include it in Google
News." In other words, someone at Google decided to "de-list" his website.
Lee immediately turned suspicious. Back in November 2007 Google decided that
it would partner with the UN Development Program to fight poverty. But Lee
publicly humiliated Google during a press conference, asking why the company
hadn't signed a global human rights or anti-censorship compact.
Conspiracy theory? Maybe so. But Google now keeps pulling this guys
strings, telling him that this was a misunderstanding and the "glitch" will be
fixed soon. Eventually, one of them has to give.
Hey .. Google is a private entity. They can do what they wish ... but anyone
who teams up with the United Nations for just about anything is suspect. There
are plenty of U.S. organizations that Google could have partnered with. I guess
this makes me xenophobic or something .. but when American money is used to
better the lives of people around the world, I would like for America to get the
credit.
WALKING YOUR DOG AS A MUSLIM
A 70-year-old man in Iran has been sentenced to four months in jail and 30
lashings
for taking his dog out onto the street. The dog owner was caught by police
who immediately handcuffed him. He was later charged by an Islamic judge for
"disturbing the public order."
Remember, according to Islam ... dogs are considered to be impure. This is why
the government has banned owners of domestic animals from taking them on city
streets. The law says that owners face fines of "detention" of their animals in
the pound.
This is all anyone has to know about Islam. Any religion that doesn't love
dogs is suspect.
EARTH HOUR
 The other day I told you a story during the government outrage about the city
of Atlanta turning off its lights for one hour some day in March to make a
public stance against global warming. Well it turns out that this is an even
bigger phenomenon.
Twenty-four cities from around the world are going to turn off lights in
homes and businesses to "raise awareness."
It's being called the "Earth Hour" initiative, which actually started in
Sydney last year. Now the event has spread around the world. Here are the
other cities participating:
Atlanta, San Francisco and Phoenix in the US; Thailand's capital Bangkok;
Ottawa, Vancouver and Montreal in Canada and Dublin in Ireland. They join
Australian cities Sydney, Perth, Melbourne, Canberra, Brisbane, Adelaide;
Denmark's Copenhagen, Aarhus, Aalborg and Odense; the Philippine capital Manila,
Fiji's biggest city Suva, Christchurch in New Zealand; Chicago; Tel Aviv and
Toronto.
This is supposed to be a "very big visual message" to politicians around the
world that OwlGore was right ... we need to address climate change as quickly as
possible (even if it means slowing you economic growth to do so).
Me? I'm going to turn on every light in the house during that hour. I may
even hire some searchlights to scan the skies for those evil carbon emissions.
This whole global warming nonsense is just getting silly.
REDNECK SCRAP BOOK
Who needs a body shop when you have
duct tape and plastic
sheeting? More in the Redneck Scrap Book.
READING ASSIGNMENTS
Yeah, yeah, it's nice that Neal talked to Jeff Gordon....but we
know what you really want is a link to the
Sports Illustrated Swimsuit spread online.In the wake of Fidel Castro's resignation, the US says that it will
not lift the embargo on Cuba. Let's wait until we see what 'lil brother
does ... or dies.
This illegal immigrant has been
deported 14 times for human smuggling (why not just because he was in the
country illegally?). The kicker: he is only 22 years old. How about 15 strikes
and you're out?
There are dozens of heavily populated US cities
that have not lost one servicemember (that's the politically correct phrase)
in combat. Oakland and Fort Lauderdale, for example, have not lost anyone.
Let's hope it stays that way.
Saudi Arabia apparently threatened to
make it easier for terrorist to attack London unless Great Britain stopped
corruption investigations into arms deals. Why do we have to continue to deal
with this country? Well .. ask the econuts who won't let us drill in ANWR.
St. Louis has a new addition to its skyline:
An Islamic prayer tower complete with loud speakers. Hey ... we have one of
those just a few miles from the Mother Ship in Atlanta.
In the UK, government officials
want to attack obesity the same way they would tackle climate change.
What? Fat people have to turn off their lights?
If you are in the mood for a real sob story ...
here's a priceless one about what it's like to be an illegal immigrant in
California in a "slumping economy."
The University of Oxford has decided to spend $4 million
to figure out why people are fond of God.
A woman was attacked in Johannesburg
for wearing a miniskirt? Muslims involved?
A West Virginia man is trying to sue his employer
after he was attacked by a goose in a rail yard.
A man in Germany was so upset that
his girlfriend lit up a cigarette to smoke that he used a fire extinguisher
to put it out. Love it!
Celebutwit
Sharon Stone decided to go over to the Arab media and declare that 9/11
should not have been used as a pretext for America to launch wars in Afghanistan
and Iraq.
A 200 pound English Mastiff is being honored by the Red Cross
for donating blood 20 times.
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