WHAT YOU SAW YESTERDAY WAS A REVOLT

Nancy Pelosi gave a partisan speech before the vote. What a stupid, stupid move. Just brain-dead stupidity. This woman can't even figure out when to put the partisanship aside – talking about Bush's "failed economic policies" – what an idiot. But is that why the Republicans – and 95 Democrats by the way – voted against the bill? Hardly. These representatives were hearing from their constituents. The majority of the people in this country do not want the government to bail these institutions out.

Is the crisis real? Let's consider the fact that yesterday's Dow dropped 778 points. OMG, that sounds just terrible, doesn't it? But wait! When it comes to a percentage drop in the Dow yesterday isn't even in the top ten!

I don't know about you ... but with every day that passes I'm starting to doubt that this crisis is as dire as they say it is.

The proper answer here is to let private institutions that make bad decisions fail. No government bailout. There is only one mitigating factor in favor of intervention – and that would be the Democrat's involvement in the Community Reinvestment Act and support for various community groups (like Obama's ACORN) who used laws passed by Democrats to browbeat private institutions into making these bad loans.

But the more I think about this ... do you remember any of these private financial institutions sounding the alarm? Do you remember them standing up and telling the American public that "hey, in order to survive in the marketplace we're being blackmailed into making these absurd loans ... but the taxpayers are going to be the ultimate victims here because your government is stepping forward to buy these bad loans from us and put you on the hook!?

No ... I don't remember any such warning from the private sector. So my growing inclination is to let these financial institutions either fight their way out of it.

Washington – and that means Democrats and Republicans alike – are in the process of nationalizing failure. Under the ideals being tossed around on Capitol Hill profits would belong to private businesses and losses would belong to the taxpayers.

Now before we move on ... perhaps you would like to hear the Aging Hollow-Eyed Hippie from Haight-Ashbury's speech. So, here's a video of the speech, and here is a little bit of the text, so you can see what got the Republicans so upset ...

How about an excerpt:

"$700 billion. A staggering number, but only a part of the cost of the failed Bush economic policies to our country. Policies that were built on budget recklessness when Pres. Bush took office, he inherited Pres. Clinton's surpluses - four years in a row budget surpluses on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies, within two years, he had turned it around. And now 8 years later, the foundation of that fiscal irresponsibility, combined with an "anything goes" economic policy, has taken us to where we are today.

They claim to be free-market advocates, when it's really an anything goes mentality. No regulation, no supervision, no discipline. And if you fail, you will have a golden parachute and the taxpayer will bail you out.

Those days are over. The party is over in that respect.

"Democrats believe in a free market. We know that it can create jobs, it can create wealth, many good things in our economy. But in this case, in this unbridled form, as encouraged and supported by the Republicans — some Republicans, not all — it has created not jobs, not capital, it has created chaos ...

So that speech was given right before the vote on one of the most important bills of late."

Now, the McCain campaign blames bailout rejection on the Democrat leadership: Barack Obama, Harry Reid, and Speaker Nancy Pelosi. McCain's senior policy adviser Doug Holtz-Eakin says that the Democrat's partisan attacks were an effort to gain political advantage during a crisis, and now they have risked the homes, livelihoods and savings of millions of families. "This bill failed because Barack Obama and the Democrats put politics ahead of country."

Again, I disagree. This deal failed because Democrats and Republicans listened to their constituents. You spoke up loudly and they heard you. After all, it's an election year.

Just hours before the vote (and before Nancy's little speech), McCain "bragged" about his involvement in the bailout bill. To his credit, he said he wasn't afraid to step up and solve problems for America. Clearly this time he did, and it may backfire considering the bill's failure. However, he pointed out that Obama took a very different approach to the problem – at first, not getting involved and then "monitoring the situation." This is just another example of Barack Obama being "present." There's no willingness to actually make a decision ... as president, will Barack Obama be "watching from the sidelines," to quote John McCain?

WHY CAN'T ANYONE BLAME THE GOVERNMENT?

Barack Obama blames this financial failure on a loose market climate. Here is what the Chosen One had to say: "Now they said they wanted to let the market run free. But instead they let it run wild. And in the process, they've trampled on our American values of fairness and balance and responsibility to one another." Naturally, Obama does not blame government or politicians for any of this crisis. In fact, neither does John McCain. Obama blames this on "the era of greed and irresponsibility on Wall Street and in Washington." He says the "speculators who gamed the system and regulators who worked the other way" are the ones to blame.

THE ANTICS OF ACORN

A listener, William, sent us a compellation of various times when ACORN has resorted to voter fraud, just to get their Messiah, Barack Obama, elected. Here's a synopsis of some of the different cases against ACORN, just in this election season alone. Are you starting to understand what is going on here, folks? These are not isolated incidents. Now as you read of these incidents remember, please, that during Obama's days as a community organizer he was deeply involved with ACORN. That ought to set of some alarm bells with the media ... ought to, but it won't.

Washington
July 26, 2007,Seattle Times
Felony charges filed against 7 in state's biggest case of voter-registration fraud. The defendants, who were paid employees and supervisors of ACORN, the Association of Community Organizations for Reform Now

Michigan
September 14, 2008, Detroit Free Press
Several municipal clerks across the state are reporting fraudulent and duplicate voter registration applications, most of them from a nationwide community activist group working to help low- and moderate-income families.The majority of the problem applications are coming from the group ACORN, Association of Community Organizations for Reform Now ...

Florida
Oct. 13, 2007, PRNewswire
A Florida state attorney is investigating thousands of potentially fraudulent voter registrations associated with the leading organizer of Florida's Amendment 5 ballot initiative. But this is just the tip of an iceberg of illegalities, fraud and contradictions connected to the Association of Community Organizations for Reform Now (ACORN) ... Former ACORN Miami-Dade field director Mac Stuart has declared an intent to sue ACORN and has made charges of rampant voter fraud operations. Stuart was employed and specifically tasked by ACORN to generate 103,000 new voter registrations from Dade County. He reports that ACORN threw out Republican registrations while paying for Democratic ones. Stuart also charges that ACORN targeted ex-cons and that he personally set up registration tables outside the Miami police department and Dade County jail.

New Mexico
Sept. 18, 2008, Judicial Watch Blog
This week officials in New Mexico's most populous county (Bernalillo) notified federal authorities that more than 1,000 fraudulent voter registration cards were submitted to the clerk's office. ACORN, which pays workers for each registration, is the prime suspect since it has handled thousands of new voter registrations in New Mexico since January. County workers subsequently discovered that at least 1,100 new registrations list Social Security numbers for people already in the county's database of registered voters, names of registered voters with different birth dates and addresses that don't exist.

Wisconsin
Aug. 6, 2008, Milwaukee Journal Sentinel
Criminal investigations could be launched against at least six voter registration workers who tried to add dead, imprisoned or imaginary people to the voter rolls, according to the Milwaukee Election Commission and the organization that employed them. "One woman called us to complain because her husband has been dead for 10 years and a voter registration was submitted," Edman said. In about 12 cases, deputy registrars paid by ACORN were "making people up or registering people that were still in prison," said Carolyn Castore, ACORN's state political director. And in other cases, workers used the same address for numerous voters or used driver's license numbers that did not fit the voters' birth dates, Edman said. But most of the fraud involved submitting duplicate cards for voters who were already registered, and forging the voters' signatures, Castore said.

Ohio
August 27, 2008, The Plain Dealer
A national organization that conducts voter registration drives for low-income people has curtailed its push in Cuyahoga County after the Board of Elections accused its workers of submitting fraudulent registration cards. Board employees said ACORN workers often handed in the same name on a number of voter registration cards, but showing that person living at different addresses. Other times, cards had the same name listed, but a different date of birth. Still another sign of possible fraud showed a number of people living at an address that turned out to be a restaurant. ACORN has submitted about 75,000 voter registration cards to the Cuyahoga board this year.

Pennsylvania
Sept. 18, 2008, The Bulletin: Philadelphia's Family Newspaper
A community organization, with longstanding ties to Barack Obama, has, according to numerous reports, repeatedly run afoul of voter registration laws both locally and nationally. Philadelphia election officials recently accused ACORN, of filing multiple fraudulent voter registrations during the 2008 Pennsylvania primary. The case has been referred to the U.S. Attorney's office, according to Philadelphia Deputy Election Commissioner Fred Voight. Delaware County election officials have made similar allegations against the group, and criminal indictments are pending. This past July 24, Dauphin County detectives offered a $2,000 reward for information about the whereabouts of Luis R. Torres-Serrano, an ACORN worker, who was accused of submitting more than 100 fraudulent voter registrations.

Nevada
July 7,2008, Las Vegas Review Journal
ACORN, which stands for the Association of Community Organizations for Reform Now, claims to have collected 60,000 new voter registrations in Clark County since February ... Lomax said while he supports the goal of getting more people registered to vote, he sees rampant fraud in the 2,000 to 3,000 registrations ACORN turns in every week.

SO WHAT DOES OBAMA HAVE TO DO WITH ACORN?

The answer is ... a lot. Stanley Kurtz has written another great piece about Barack Obama's days as a community organizer for ACORN. It is worth you taking the time to read. Unfortunately, I wouldn't expect any mainstream media outlets to mention this information, or put two and two together considering all of the stories just listed above.

I GOT A LOT OF BOXERS IN A BUNCH OVER MY PLAN FOR THE GAS CRISIS

Here's an example of some of the letters:

Subject: Free Market Solution BS
Name: Bob
Message:
I wonder why it is, the biggest proponents of letting the free market work, to solve problems like the gas shortage in Atlanta, are the ones who can best afford any price increase involved. Just another example of the "me first" & 'I got mine so who cares about you" generation that Neal is an obvious example and product of.

Bob is exhibiting a basic lack of understanding of free market economics that is so typical of our government-educated dumb masses. Here's what Bob wants: When there's a shortage of gasoline the government should step in and stop any price increases that would control demand. This way those with the income to support several cars can make sure they get them all filled up. Let's say some evil, nasty rich guy has three cars. He only actually needs one, but he fills up the other two to essentially act as storage facilities in his driveway. In the meantime the lower-income worker with only one car can't find any gas ... and may actually lose money because he can't get to work. Let the free market respond to scarcity with higher prices and Mr. Nasty, evil, disgusting rich guy might think twice about filling up every container he has in his house. Then the gas would be available to the character with one car who needs it to get to work. It's so simple that even Bob should understand it: Increase prices and demand goes down. When demand goes down the stations have a chance to fill their underground tanks.

Go ahead, folks. Wallow in your economic ignorance. You see where it got us, don't you?

Also, someone made a video of the line to get gas in Alpharetta, a suburb of Atlanta. Just so you know what it's like here.

READING ASSIGNMENTS

Besides the brouhaha surrounding the bailout bill, the Congress has also been debating tax cuts, including extended tax breaks for renewable-energy production.

John McCain says that Barack Obama's policies will deepen "our recession."

We are going to have fun with this one ... an editorial from the Roanoke Times says that Virginia needs to ramp up its anti-price gouging laws. What ignorance.

Obama's "Truth Squad" in Missouri is now trying to play the victim card. Judging by the comments, people aren't buying it.

The President of Pakistan is being criticized for "the manner in which he shook hands with Sarah Palin and expressed his deep desire to hug her," which is "intolerable and shameful."

Here's the story behind the website myth-busting website Snopes, which is really busy these days with all the myths surrounding the presidential candidates.

Maryland "earned" over $16 million in the nation's first mandatory auction of rights for power plants to release pollutants into the air that supposedly cause climate change.

Macy's, a private company, tells its employees that they must speak English. Muslims in Minnesota complain that this is discrimination. Don't worry, CAIR is coming to the rescue.

Mexico is becoming a nation of lardasses ... so the government is doing something about it. Now Mexicans have to run to the U.S. Border. No walking allowed.

In Oregon government schools (and all across this country), the days of kickball and dodgeball are over ... because we don't want to hurt kids' self esteem. Seriously!

Here's a random fact ... Pennsylvania leads the nation in the number of "teen lifers," which are criminals serving life without parole for crimes they committed as minors. Pennsylvania is not too happy about holding this title.

A British company has created a cell phone that can track your carbon footprint.

Feed the ducks in your neighborhood ... go to jail.

Here's a fun compilation video of Democrats defending Fannie Mae & Freddie Mac from regulation over the years.

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