About Me

Name: Doug
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Blog Roll

 

Kevin Jackson: Exposing the "BIG Black Lie"

If you were told that you were about to meet a Conservative Firebrand… one who has been seen as a speaker and as a Master of Ceremonies at Tea Parties, who has appeared on the Hannity and Glen Beck shows on FOX, is a leader in the Tea Party Coalition, and has written a book critical of the Liberal Democrats; you would probably be a bit surprised when you were introduced to Kevin Jackson. You see, Kevin Jackson is a young and athletic, affable black man with an infectious smile and charming wit.
 
Notice that I didn’t say African-American. Jackson says he’s an AMERICAN. Not an “African-American”. At the 9-12 rally in Quincy, IL he stated that, while Africa is a beautiful place, with some of the most beautiful flora and fauna on the planet… he wouldn’t trade one acre of a free USA for all that is Africa!
 
Jackson’s new book, “The BIG Black Lie – How I Learned The Truth About The Democrat Party”, challenges the political stereotypes of race, and strongly makes the case that those why cry “Racism!” the most – the liberal left and the Democrat Party – are in fact the true home of racism in America today!
 
Controversial? You bet! But every revolutionary thought throughout history has been controversial! Flat earth? Steamboats? Manned Flight? Organ Transplants?
 
“The BIG Black Lie”was born out of an outcry of blog readers and radio show listeners, whose comments were often the same: "You say the things we can’t say." Jackson feels that the problem wasn't so much that others couldn't say these things… but rather that they simply lacked the knowledge to handle the issues of being labeled racists and elitistsHis premise is to turn that paradigm around and place that dreaded label back where he says it belongs… on the Democrat party!
 
When asked about the “inevitable” fallout of disapproval from the black community, Jackson shrugs it off.

 “I have found a multitude of ‘like-thinkers’ in the black community. They may be less vocal, however these people exist, and in larger numbers than most think. I believe books like mine will provide the impetus for them to reveal themselves more readily…
 
Most of the world readily accepts people like me, i.e. people who want nothing except what they deserve and earn. Most people judge people by their deeds, their character, and by their personal experience with the individual...not anecdotal references.

As for disapproval of black Democrats, I frankly couldn't care less. It's this simple. I am right and they are wrong. I would be happy to debate any of them on what squandering their votes for Democrats, for decades, has done to improve "the black condition." Further, my facts on the racist history of Democrats are irrefutable.  Those racist policies continue to this day, though they are more subtle
.”
 
“The BIG Black Lie” has sold well since its release this summer, however Jackson has designs on seeing it go to #1 on September 23. To provide impetus toward that effort, he’s offering a free MOB T-shirt and free downloads for ONE DAY ONLY with the purchase of his book next Wednesday, September 23rd.
 
The book is available on Amazon. For details of the special one day offers, visit Jackson’s website at www.theblacksphere.net.
 
Jackson is an up-and-coming bright star in the ranks of the revitalized and vocal conservative movement. He has a wealth of knowledge, and he conveys it with humor, wit and charm. Keep and eye on this man… he’s making waves and he’s going places!
 
Copyright © 2009 by Doug Edelman

 

Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/.

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Sarah Palin: Does Resigning Make Her a QUITTER?

In these, the early days of the Obama Administration, trying to keep up with current events for the simple purpose of remaining informed has been dizzying. Trying to process all that information and analyze it for commentary is like trying to drink from a fire hose! The swirling vortex of info-speak out there babbles on incoherently; and any story of mass interest goes 24/7 wall-to-wall coverage. It is into that environment that I am reluctantly venturing with my thoughts on Sarah Palin’s surprising announcement that she will not seek re-election as Governor of Alaska – and more surprisingly, that she will not complete her term.

 

The talking heads are split into two camps. The majority presume this is a move toward a 2012 run at the presidency. Their commentaries focus on whether or not the strategy is a good one and helps or hurts such a run. Some call it a “brilliant” strategy. Others declare the action to be political suicide, and pronounce her political future dead or on life support.

The remaining pundits call her “erratic” and a “quitter”. They say she “couldn’t take it”. They accuse her of “taking her marbles and going home”.

It would be easy to get caught up in all this back and forth banter, but instead I will look at Sarah Palin as actually possessing the unconventional leadership that has carried her to national prominence; and try to analyze her actions in light of a broader set of possible motivations than simply a choice between 2012 presidential aspirations or the throwing up of her hands and running away!

Unlike most politicians, who seek office with a sense of self-importance and craft their positions and policies in a way to win votes and retain power… Sarah Palin has approached politics as public service. She has always put principles first and has sought to do what she believes is RIGHT, even if it’s not politically expedient. She stood up against the Old Boys Network in her own party in Alaska and cleaned up corruption. She held politicians and oil companies and others feet to the fire and held them accountable. She acted in the best interest of the people, and not of her political career.

Why would we not presume her to be consistent? Why do we not take her at her word that she is responding to a “higher calling”? Is it possible that she sees a role OUTSIDE of elected office where she believes she can better advance her principles and policies? Is her decision to leave office unreasonable, irrational, or emotionally charged?

A small child who’s losing a game might flip over the gameboard and go home in a huff. That’s immature and inappropriate behavior. But if an adult has had their quotas increased, their pay scale reduced, and feels his employer looks upon him as a greyhound to be run for profit and put down when no longer winning races… is it anything other than reasonable for him to consider quitting and seeking employment elsewhere?

Palin has been subjected to incessant harassment since being named as McCain’s VP running mate. She is not thin-skinned – and she brushed off the criticisms of her throughout the campaign. But since the election she has been targeted by every left leaning loon there is, as she is perceived as a viable threat from the right. The ethics investigations have been nonstop, despite there being no basis for them. The expenses of defending against them have exceeded half a million dollars for a family that is not comprised of old-money bluebloods. Todd and Sarah are people who WORK for their money and don’t have a fortune.

In addition to the COST of dealing with these accusations, they DISTRACT from her ability to advance her programs as Governor. She is hamstrung. Instead of devoting her considerable energies to moving the state forward, she is forced to address these frivolous charges, which consume her time, her energy her money, and state resources as well. This is not a good or effective use of her time in office. She sees it as silly to continue the status quo for another year and a half when she could be doing something else which would contribute to the agenda she believes is important!

Consider the OTHER possibilities! By leaving public office, she is free to pursue any of the following potential courses:

1) Hit the Lecture Circuit. Sarah Palin would be a high-demand speaker who could command significant speaker fees.  She could pay off her legal expenses and begin to amass a significant nest-egg.

2) Media: Is there any doubt that Roger Ailes would be THRILLED to sign her as a “Fox News Contributor”? How about Talk Radio? Imagine the freedom to espouse her views if she had 2-3 hours a day on-air!

3) Writing: Conservative books hit the best-seller list BEFORE they hit the shelves!! Pre-sales of Glenn Beck’s “Common Sense” had it the #1 seller the week BEFORE it was released! When a book comes out by Mark Levin, Newt Gingrich, Glenn Beck, Ann Coulter, Laura Ingraham etc… sales go thru the roof. Is there any doubt Sarah Palin has a story to tell?

4) UNCONVENTIONAL politics: The Republican Party is still trying to define itself. Conservatives are disillusioned with the GOP. Blue Dog Democrats are bewildered by the Progressive/Fabian Socialist/Marxist lurch to the left of their party. There are currently more people identifying themselves as INDEPENDENT rather than members of EITHER party. The time is right for a REAL alternative, and with someone like Sarah Palin as the catalyst and leader, a new conservative party might be viable. Her Gravitas might act as gravity to draw in all those conservatives and right of center moderates who find themselves feeling unattached or disenfranchised. Nader singlehandedly started the Green party. Teddy Roosevelt started the Bull-Moose party. Who’s to say Palin couldn’t kick off a viable national Conservative Party?

No, Sarah Palin isn’t erratic or crazy. She’s crazy like a fox. She’s not quitting. She’s shifting tactics.

Copyright © 2009 by Doug Edelman

Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/

Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

July 4 Tea Parties Shift Emphasis From Awareness to Action

 Back in February of this year, barely a month into the Obama presidency, the Tea Party Movement was born after a rant on the Chicago Board of Trade by CNBC correspondent Rick Santelli calling for a “second Tea Party” as a response to the Bailout Stimulus bill Obama had just signed.

Immediately conservatives took to their blogs, Facebook and Twitter, and email to hastily arrange the February 27 Tea Parties.
 
It was a cathartic event.  There was finally an outlet for the pent-up rage that many were feeling over the sudden leftward lurch our nation had taken.

In St Louis, organizers initially expected 50 to 100 “activists” to show up and were excited to have a couple hundred confirmed attendees on the event page on Facebook. They never imagined or dared to hope for numbers exceeding 1200, but at least that many people of like mind turned out on that cool day under the Arch.

Not much attention was paid to the tea parties. At least, there was little publicly acknowledged attention. President Obama later claimed to have been completely unaware of the Tea Parties, though few take that statement at face value.

Still, Tea Party Organizers knew they had done 2 momentous things. They had created a tremor in Washington, even if it was only a 3 on the Richter Scale; and they had awakened the “sleeping giant” of American Conservatism. The “Fools on the Hill” had generated so much angst and ire amongst the normally “Silent Majority” that folks who ordinarily would do little more than hurl expletives at their televisions now were motivated to take a page from the Left’s playbook… and take to the streets. The “Sleeping Giant” was awake and was becoming aware.

The 2nd major set of Tea Parties was held on Tax Day; April 15. This time, the numbers swelled thanks to the buzz created by the first Tea Parties. In St Louis, Keiner Plaza downtown was filled to overflowing – with a crowd exceeding 10,000 motivated patriots.

The April 15 Tea Parties showed the movement could no longer be ignored by the administration. So they set out to minimize, ridicule, belittle and do all they could to discredit, defang or emasculate the Tea Party movement. Awareness was spreading. Conservatives were becoming informed, yes… but also the Administration, the Congress, and their lapdogs in Media were also becoming aware – aware that there were a lot of angry and informed people out there who were going to hold their feet to the fire and demand accountability.

But while protesting with signs and speeches which preach to the choir is great for the above purposes, going forward it will serve little purpose to simply turn out crowds with signs (no matter how clever) if protest is not accompanied by action. This was the theme of the Independence Day Tea Parties. To answer that question, “What do we do NOW?”

In any popular movement, it is only effective as long as it remains a grassroots effort. Looking to “them” to do all the heavy lifting will inevitably lead to the collapse of the effort under its own weight. That burden must be “redistributed”!

Each person of like mind must become educated, not only in the facts - but in tactics and processes by which they PERSONALLY can respond. No army puts its generals on the front line leading a charge, while the troops remain in the barracks watching TV and cheering them on when they are on the news! While senior staff creates policy and establishes strategies, the real work is done by the enlisted soldier, directed by a non-comm.

For the movement to continue to have “legs”, each person must become an individual activist. This does not mean counting on the elected minority to move their agenda forward. We cannot on the voice of Rush Limbaugh, Sean Hannity, Glenn Beck, Laura Ingraham and the rest to be the lone voices in the wilderness, leading the way all the way to the promised land!  Not even leaving the work to the organizers of Tea Parties or other such protests.  Each individual must take the personal responsibility to make their OWN voice heard.

The message that came out of the July 4th Tea Parties – Become equipped and engage the battle!

The individual Activist must first become informed. There are numerous resources ranging from Fox News and Talk Radio to Blogs and Social Networking where reliable information can be obtained apart from the Mainstream Media.

An informed patriot must know how to effectively translate that information into action. Most importantly, they must communicate their ideas, their frustrations, their anger and their praises to their elected officials. They must do so clearly, frequently, and in such a manner as to put them on notice that they are being scrutinized and will be held accountable come election time.

They can gather with the likeminded – not just to enjoy the social enjoyment of gathering with birds of a feather – but to share with one another. To share informationl. To share resources like websites, books and publications, relevant TV and Radio programming etc. To share strategies and analysis of what has and hasn’t been effective. To share “war stories’ both for amusement and for “lessons learned”. To move initiative petitions along.

Making a difference and affecting “change” will take much commitment of Patriots who are willing to engage the process at the risk of “lives, fortunes and sacred honor”. But not to do so means allowing the ever-expanding and increasingly demanding hydra of government to direct our lives, confiscate our fortunes, and discredit our honor. We must never stand idly by and permit the rise of totalitarianism, socialism, or despotism or tyranny without at least standing up in opposition.

After the constitutional convention, Ben Franklin was approached and asked what type government they had given the people. His reply: A republic – IF YOU CAN KEEP IT. Are you ready, willing and able to commit yourself to this cause?

How can you get started?

1) VOTE!! Not just once every 4 years but EVERY TIME the polls are open, whether for the presidential election or for school board or zoning proposals!

2) Get informed. Avail yourself of the available resourses. New Media and Technology. Networking with others of like mind.

3) Get ACTIVE. Call, write, email, fax and visit your elected officials. Pester them till they know your name! Give them a piece of your mind. Make sure they know they’re being watched, and will be held accountable. Write letters to the editor. Post to blogs. Let people KNOW what is on your mind.

4) EVANGELIZE! Grow the movement by encouraging others to join it! That means being prepared to explain what is wrong, why it’s wrong, and what you are doing about it. If you can get someone to understand what’s happening and how it will affect them, you’re half way to changing their mind!

5) BECOME a resource! Share your knowledge. Share your experiences. Provide money and materials where you can.

Remember, only you can prevent the nation from going up in smoke!

Copyright © 2009 by Doug Edelman

Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Tax Day "Tea Parties" - What was THAT?

Don't Tax Me Bro

April 15 is a date that has meaning to most everyone. “Tax Day”. Or more correctly, the deadline by which Income Tax filing is due each year.

But this year it also took on a new significance. April 15 was the day that ordinary, common Americans took to the streets to give voice to their displeasure with massive unrestrained spending, insane bailouts, trillion dollar deficits for a decade, confiscatory taxation, unprecedented growth in the size and scope of government, and the march of socialism and wealth transfer.

Over 550,000 people turned out at one of hundreds of “Tea Parties” staged in all 50 states. Approximately one out of every 500 human beings in the nation attended such a protest. This is hardly an insignificant event, notwithstanding the Mainstream Media’s reports to the contrary.

The Left-Loving media first sought to marginalize the Tea Party movement, calling the participants “Fringe Elements”. Then they sought to mischaracterize them as Partisan Tools of the GOP. Some went so far as to compare them to Nazis. And in the final days preceding the event – a report from Homeland Security was released, intended to instill fear that attending such a protest put one at risk of being “watched” as a potential “Domestic Terrorist”! (Particularly egregious in that DHS report was the implication that returning veterans represented a potential threat. I personally find it fascinating that while we Conservatives HONOR our returning vets, the powers that be FEAR them!) 

If any were deterred… there were over half a million UN-Deterred Americans who turned out to boldly proclaim their opposition to policies which they deem harmful to our republic.

As I wrote in my “Primer on the Tea Parties”, these protests were NOT partisan, despite the best efforts of Michael Steele and the RNC to potiticize them.  It was almost amusing how the GOP came back burned when they were publicly rebuffed by the ACTUAL organizers.

Michael Steele attempted to co-opt the movement in a fund-raising effort for the GOP. He received STINGING rebukes from organizers.

Numerous GOP elected officials sought a stage to speak at the Tea Parties. Organizers refused, explaining that the event was NOT partisan and they wished to prevent its being politicized.

In St Louis, it was mentioned by one of the organizers that some elected officials ARGUED that they should be given a platform. But once denied, they didn’t make an appearance! In fact the only elected official that showed up was Congressman Todd Akin, who never asked to take the stage. He was there simply to lend his PERSONAL support to the effort! 

No, the Tax Day Tea Party movement is NOT organized by the GOP, by Dick Armey & Freedomworks, by Don Wildmon and the American Family Association, by the Constitution Party, by the National Socialists, or any other group. Taking inspiration from Santelli’s Chicago Board of Trade rant, several bloggers started the movement via Facebook and Twitter!

In St Louis, local blogger, Bill Hennessy contacted blogger, vlogger and local radio personality Dana Loesch following the Santelli Rant about throwing together an ad-hoc “Tea Party” protest. Out went postings on Twitter and Facebook. A Facebook event page was posted. The event was planned for the St Louis Riverfront 5 days later on February 27.

Hennessy and Loesch initially anticipated a turnout of 50 or so committed individuals. They were THRILLED when the Facebook Event Page listed over 250 confirmed attendees the day before the event. But even they were ASTOUNDED when the turnout for the day topped 1200 under the Arch in St Louis! It was the biggest “Tea Party” protest in the nation on that day.

They new they had a movement started, that couldn’t stop there. Dana Loesch  of danaradio.com became one of the National Organizers for the April 15 “Tax Day Tea Party”. Along with Michael Patrick Leahy of tcotreport.com, Eric Odom of dontgomovement.com, along with a few other blogger types, the planning began for the April 15 Nationwide Event.

They established an event page on Facebook, and along with their own Twitter and Facebook pages, their personal emails, and finally a website, www.taxdayteaparty.com.

Hundreds of motivated grassroots people around the country organized their own local events, coordinating thru the Facebook, Twitter and taxdayteaparty.com websites. It was a TRUE GRASSROOTS effort.

The issues cut across party lines. There were Republicans, Independents, Libertarians, Constitution Party members, Democrats and more all participating with a common purpose: To express to Washington that they have HAD IT with the unbridled tax and spend policies, growth of government’s size and intrusion, and the threat to our rights and liberties that such a bloated government represents.

St Louisan Scott Ransom commented after the party: We were "there," and wow, what an awesome crowd, right down to a person. There were some pierced-up Lefties standing right with me, and when I thanked them for being there, I swear one of them started to cry. She was SHOCKED. Fabulous gathering...wanna do it again like now.”

 

Media coverage of the Tea Parties was largely dismissive. The media and those in Washington dismiss this movement at their peril. It is strong. It is committed. It cuts across the political spectrum. It is not going away. In fact, it will probably grow larger and more powerful by the time the next Tea Parties come around. Yes, there will be more! Get ready for the LIBERTY Tea Parties on July 4!

Copyright © 2009 by Doug Edelman

Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

A Primer on the Tax Day Tea Parties

 

Perhaps you have seen or heard about CNBC's Rick Santelli and his report from the floor of the Chicago Mercantile Exchange, where he called for a "Taxpayer Tea Party" in the wake of efforts to enact a new, multi-billion dollar taxpayer funded housing bailout.

Across America, millions stood up and cheered. Rick was expressing what so many have been feeling now for a long time, when it comes to out-of-control spending on the backs of hardworking U.S. taxpayers to reward the irresponsible and the corrupt: "Enough is enough!"

In St Louis, Bill Hennessy was inspired after Santelli’s rant. He contacted local Blogger/Vlogger/Radio Host Dana Loesch, and the two of them decided to organize a Tea Party at the Riverfront in St Louis.

There were phone calls, emails and some social networking activity... and 5 days later we had us a party!

Organizers originally expected maybe a turnout of 50... were THRILLED when facebook group grew to a couple of hundred confirmed attendees the day before, and were ASTOUNDED when actual attendance ultimately well exceeded 1000!

Linking up with Michael Patrick Leahy of TCOT (Top Conservatives on Twitter) and Eric Odom of the Don't Go Movement... Hennessy and Loesch then began planning the St Louis effort for the Nationwide April 15 Tax Day Tea Parties. Utilizing Twitter, Facebook, email and the occasional phone call, the movement has grown to over 300,000 participants in over 300 cities!  It has a national website, www.taxdayteaparty.com.

The media has portrayed the Tea Party movement in a number of erroneous and defamatory ways. Some say they're run by the Republicans. Others say it's run by this political organization or that talk show host. In St Louis, the Tea Parties were even equated with NAZIs in the Riverfront Times! So, why don't we take a moment to clarify: What exactly IS the Tea Party Movement and what ISN'T it?

The Tea Party Movement is a non-partisan, grassroots assemblage of INDIVIDUAL Citizen Patriot Voters, who are fed up with (and who are standing up in opposition to) unrestrained runaway spending, confiscatory taxation, irresponsible bailouts and unconstitutional actions of any kind by anyone, regardless of their political affiliations. This is not a partisan effort, and EVERYONE – regardless of the letter after their name – will feel their opposition if they go along with the bailouts, the stimulus, increased tax-and-spend policies, and the unrestrained growth of government.

Contrary to some reports in the media, the Tea Parties are a grass-roots effort, planned and coordinated locally by concerned individuals and loosely associated thru social networking and other technologies. This movement is NOT a part of the Republican Party. It is NOT associated with any nationally known political or media figures.

While a number of national names and organizations have recently taken note of the Tea Party movement and have lent their support, their encouragement, or their endorsement of the Tea Party Movement… they are NOT the leaders, organizers, strategizers or planners of ANY of the Tea Parties. Some national names are even trying to capitalize on the broad appeal of the Tea Party movement by seeming riding the coattails of the movement for their own agrandizement!

So, why Tea Parties? What is hoped to accomplish? What good will they do?

In a recent posting to the Tea Party participants, Eric Odom of www.dontgomovement.com summarized:

"We are under no delusion that we’re going to suddenly change the world on April 15th. We do, however, understand that the original Boston Tea Party Protest only had a few hundred participants and set the movement on a path to ultimate victory against the King of England.

Back then, it wasn’t nationally known celebrities or officials calling for change. It was everyday business owners and taxpayers meeting in pubs, networking and putting together a collaborative strategy.

On April 15th, hundreds of thousands of Americans will gather in more than 360 cities across all 50 states to proclaim their lack of confidence in our Government.

Besides gathering together to show our numbers and proclaim our message, “We the People” will shake hands, network, share ideas, discuss our frustrations, let out some steam, and begin to develop new coalitions and citizen groups.

April 15th will be Historic, NOT because we instantly changed the world, but because we set in motion a machine that will offer some counterbalance to our out of control Government and eventually put it back in the hands of the people.

If you’re one of those who likes to sit around and ask “what good does it do to go to a silly Tax Day Tea Party?” Let me follow that question with a question…

What good are you doing by staying home?"

Copyright © 2009 by Doug Edelman

Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Nation's Largest "Tea Party Protest Held Under St Louis Arch

Dick Armey recently sent out a modest newsletter:
 
“Last week you may have seen or perhaps heard about CNBC's Rick Santelli and his report from the floor of the Chicago Mercantile Exchange, ground zero for American capitalism and free market commerce, where he called for a "Taxpayer Tea Party" in the wake of efforts to enact a new, multi-billion dollar taxpayer funded housing bailout.
 
If you are like me, you stood up and cheered.
 
Rick was channeling what so many limited government advocates have been feeling now for a long time when it comes to out-of-control spending on the backs of hardworking U.S. taxpayers to reward the irresponsible and the corrupt: enough is enough!”
 
And with that, Freedomworks (http://freedomworks.org) called for grass roots protests against the massive spending stimuli across the nation.

Bill Hennessy of the St. Louis area was similarly inspired by Santelli. He contacted local blogger and radio personality, Dana Loesch (www.danaradio.com) and the two of them set off to organize the St Louis Tea Party at the Riverfront.

Utilizing the latest in technology – Social networking sites like Facebook and Twitter, as well as emails, word spread amongst the St Louis conservative community. Ms Loesch was even approached by a local TV station for an interview the night before the event. All this began on Monday, February 23, for an event which took place Friday February 28.
 
Organizers were hopeful for a turnout of 50 to 100 people, and were extremely encouraged when they had over 200 confirmed attendees on their Facebook event page Thursday night. But even they were flabbergasted when the crowd grew to over 1000 people; excited, energized, and motivated!

The majority of those attending took time off work – long lunches or days off – to attend. Many commented that they’d never participated in a protest demonstration before.

Said one participant, “Usually, it’s the Liberals protest when the government doesn’t do what they want. Conservatives go to work, take care of their families, and if they’re REALLY motivated, they email their Congressman. This time the stakes are so high we must resort to protests in the streets!”

Notable signs included one held by a college student stating she works 2 jobs to pay her own way thru college, and another held by a youngster asking “Does this mean I can overspend my allowance?”

Drivers passing by honked their horns in support of the demonstrators.

After short remarks by several dignitaries, the crowd descended the levee to the Mississippi River, where they symbolically dumped tea into the river. A Coast Guard Patrol Boat stood watch a short way off shore, in all likelihood a safety precaution against anyone falling in the water.  A few announcements were made to the effect that only LOOSE tea should be thrown into the river, lest the Coast Guard cite the protesters for an environmental violation for throwing paper tea bags into the water!

The event galvanized the conservative population of St Louis, whether they were able to attend the event or not. Similar protests are planned in the future, with Tax Day, April 15, being floated as a possible protest date.

Whether this “Tea Party” movement has legs, or is simply a vent of frustration by a decimated and impotent conservative constituency remains to be seen… but at this juncture, this is a force that the powers that be will have to reckon with.

Copyright © 2009 by Doug Edelman

Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice. His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business. He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/
 
.
Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Hail & Farewell to the Chief - Final Thoughts on the Bush Presidency

While there are many things about George W. Bush that I disagree with, they all relate to his FAILURE to BE a CONSERVATIVE!!

From Immigration to Harriet Meiers to Dubai Ports to the bailout and profligate spending, Bush has abandoned Conservative principles on numerous occasions, and THIS is responsible for his approval ratings falling below 38%. There are not more liberal thinkers out there; there are large numbers of conservatives who were disenchanted with Bush's swerves to the left that brought his numbers down.

With that said, George W. Bush has accomplished a couple of positive things. The tax cuts DID what they always do... They stimulated the economy and increased revenues. Bush inherited a recession, and the events of 9/11 could have tanked the economy - and the tax cuts averted that.

Unfortunately he was not so successful averting the economic effects of the sub-prime housing market when the red flag of Fannie and Freddie was waved in 2004 by REPUBLICANS and efforts to get a handle on the problem were resisted by Barney Frank, Maxine Waters, Harry Reid, Nancy Pelosi, etc. These DEMOCRATS who CAUSED the problem are the same ones who claim to be in charge of FIXING it!  The problem began with the Community Reinvestment Act under Carter, and was magnified under Clinton as there was more pressure brought to bear to make more loans to less qualified people!  But BUSH is catching the blame again!

Bush has had his share of faults and foibles. No doubt. But the Bush Derangement Syndrome of the left is unfounded. Bush was the object of hate from the left ever since the 2000 election, and they never got over it. He was blamed for everything that ever went wrong in this country for 8 years.

Look at Katrina! The problem in New Orleans was the result of Nagin's failure to implement his own disaster plan, and the RESISTANCE by Gov Blanco to PERMIT feds INTO the state to help (ever hear of Posse Commitatus?) It was only after Bush threatened her with implementation of the INSURRECTION ACT to allow federal troops to cross into LA did she relent and PERMIT Federal assistance!

After the storm passed, FEMA took a lot of heat... But remember that FEMA was not set up as a First-Responder agency! The first responders in New Orleans were PARTICIPATING in the looting!!

FEMA is the "Federal Emergency Management Agency". They are supposed to come into a disaster area AFTER the fact, and help by organizing and financing the cleanup. They are a coordinating agency set up to work with local officials. The breakdown in New Orleans was the local officials. Funding for levy upgrades etc had been misappropriated by New Orleans politicians for generations! Nagin, Blanco, Landreau were the problem - but Bush caught the heat.

But what about Iraq?

Let's see. In 1991 we established a CEASE-FIRE - with provisions that Iraq failed to keep. After 17 UN resolutions against Iraq which they also failed to keep, resumption of hostilities was justified on that very basis alone.

There has been much made of the Weapons of Mass Destruction issue, but the entire world had the same intelligence and Saddam himself DESIRED to foster the notion that he possessed them as it made his neighbors fearful to mess with him. He never believed we would invade because he had the French and Russians and a lot of Germans in his pocket due to corruption in the Oil for Food program. He thought they could restrain the US.

Regime change in Iraq had long been the policy of the US - including the administration of liberal hero, Bill Clinton.

What is rarely discussed in the Iraq issue is the strategic importance of Iraq - and we're not talking about a war for oil. Iraq is a buffer between Iran and more moderate states. Iraq borders Iran, Kuwait, Saudi Arabia, Jordan and Syria. A functioning secular democracy in that region would stabilize the middle east. A laudable goal. Afghanistan, Pakistan and other potential hotspots are a short hop from Iraq, and again, a de-radicalized Iraq would stabilize the region.

The initial handling of the post-combat insurgency was poorly administered. Granted. But there are errors in ANY military action. Over 1000 men were lost in a single failed training exercise in WWII!! Considering the loss of over 50,000 soldiers, mostly draftees, in Vietnam - Iraq has been a very low casualty action and every one a volunteer. Not that the loss of any soldier can be minimized or is any less a tragedy, however the casualties in the pursuit of a mission which ultimately IS in the best interests of the United States cannot be called a waste.

Since the Surge and the installation of Petraeus as commander, our tactics changed and the general Iraqi populace became more secure, and came to trust our forces. Their popular support turned toward us and away from the radicals. They began providing more actionable intelligence. Their police and security forces began to become trained and efficient forces capable to assuming more responsibility for their own security. Free elections were held. The fledgeling Iraqi government is becoming more self sufficient. A Jeffersonian Democracy? No, but a constitutional republic has been established and is functioning.

While a couple years ago, Harry Reid was declaring the war LOST and demanding a CUT AND RUN... Bush held on, adjusted tactics, and has overseen a subsequent success to the point the a realistic withdrawal of troops can be contemplated due to the successful completion of the mission!

Unfortunately, Americans have become impatient, spoiled children - expecting instant gratification with little effort or cost, and they are shortsighted accepting short term satisfaction over long term gains. Wars are not supposed to have casualties, setbacks or last more than 100 hours! If there is resistance and goals cannot be accomplished within a year, the cause is lost and not worth pursuing!

Thankfully, George W Bush did not concede to these thoughts. And now we stand on the verge of true victory in Iraq.

Bush lied? BULL! He REPORTED the same intelligence the rest of the world believed. He was willing to act on it in defense of our nation's interests.

Bush was waging a war for oil? Bull! If that was so we'd be CONFISCATING it now! We're not!

Bush was just in it for his cronies? (ie Halliburton)? BULL! The Dubai Ports deal came about because there are only a couple entities CAPABLE of handling the ports concession. Halliburton was one of them. Bush was trying NOT to give it to them!!

History will sort it all out. Bush will be judged neither as a success nor a failure. He did good. He made mistakes. He had failings. But I can still name a number of stronger contenders for "worst President ever" than Bush. Carter, Hoover, Andrew Johnson, and Chester Arthur, come to mind right off the top of my head. Carter facilitated the radical Islamic resurgence. He presided over double digit inflation, double digit interest rates and double digit unemployment. And Liberals say Bush is worse?

And so, the Bush era ends in a few weeks. Barack Obama ascends to the Presidency swept in on a wave of discontent with the current administration and  ethnic identity pride. Good luck to him. He'll need it. Meantime, Hail and Farewell to the Chief, George W. Bush. For all his successes and failures; for all his controversies and stubbornness; he was our 43rd President. 

Copyright © 2008 by Doug Edelman

Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

My Post-Election Thoughts

It is indeed a great day when an African American can ascend to the highest office in this land. I offer congratulations to President-Elect Obama for his well run campaign and his election victory.
 
That said, I can think of OTHER black candidates I would have preferred, on policy and experience criteria. In fact, prior to the selection of Sarah Palin as McCain's running mate, I had lobbied the McCain campaign to select the former Lt Governor of Maryland, Michael Steele - also an African-American!
 
However:
 
Unlike the "Bush Derangement Syndrome" treatment which the left gave President Bush thru both terms - opposing every word out of his mouth and undermining him at every turn - I will give Barack my full allegiance and encouragement. For the sake of the country, I wish him a successful presidency. However, as I believe a number of stated policies and proposals will be harmful to the country, I will speak in opposition to those initiatives.
 

I will applaud President-Elect Obama when he does what I believe to be the right thing. I will remain the loyal opposition where he moves in a direction to do what I believe is not. Some ask, "Will McCain supporters unite with Democrats and lead this country in a new direction?" The short answer is "That depends on WHAT the new direction IS!!"

I will offer Obama the respect due to the office of the presidency. I will not compromise my conservative principles for the sake of Kumbaya "unity". People with opposing viewpoints can respectfully disagree on policy and programs. I believe strongly that this is appropriate, and is why the founders wisely established a system of checks and balances.
 

I certainly understand the elation and pride the African American community is presently experiencing. It remains to be seen whether Obama can govern effectively, and whether he will "change" the nation for the better or the worse.

Sadly, "change" is not a policy, a program or a plan. Change for its own sake is also not automatically positive. Whenever one speaks of change, it is wise to ask, "From what, to what?"
 
If the change Obama wishes to implement is to circumvent or weaken the founders' intentional constitutional restrictions on Government, as Obama wished the Warren court would have gone further in doing (check out his own words from 2001: http://www.youtube.com/watch?v=iivL4c_3pck ) or if his agenda and initiatives are shaped by his socialistic background ( evidenced in my prior article: http://starboard.blogtownhall.com/2008/10/31/obamas_socialist_roots_run_deep.thtml), this would NOT be what I would consider to be "change" in a positive direction!
 
The ball is now exclusively in the Democrats and Obama's court. How they play it will determine the future of the country for better or worse for years to come. 
 
And we of the loyal opposition, conservatives in exile, will be watching, recording, remembering, and reporting.
 

Copyright © 2008 by Doug Edelman

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

An Open Letter to America's African-American Community

First off, let me say that is truly is a great day in America when a person of color can stand at the very threshold of the presidency of the United States!  This is testimony indeed of the great strides made by our population as a whole towards a color-blind society.  We are moving past the ignorant bigotry and intolerance of previous generations.
 
With that said, however, we must now question whether the African-American community is themselves falling short of Martin Luther King's dream that one day his children would "be judged not by the color of their skin but by the content of their character."
 
Barack Obama enjoys almost monolithic support (around 90%) within the black community.  Is this based on anything more than ethnic identity?  Is it any less repugnant for the black community to embrace a candidate BECAUSE he's black than it would be for the white community to OPPOSE a black candidate for the same reason?  Isn't it more appropriate to support one candidate or another based on the criteria of character, experience, policies and past performance?
 
Now, I am NOT telling you not to support Barack Obama.  I'm asking you, WHY do you support Barack Obama?  If it's nothing more than ethnic kinship, I would ask that you honestly examine both candidates on the other criteria before deciding soley on the color of a man's skin!  You KNOW what it's like to be judged on that basis!  It is no less rediculous to assign VIRTUE based on skin color than it is to presume dishonor or unworthiness soley on skin color.
 
And if you are determined to vote for a "black man" just because he IS a "black man... Have you ever realized that Obama is only 1/16 Black African, and has no "slave blood" at all?  He is 50% white.  His father was 7/8 North African Arab (think Khadaffi) and 1/8 Black African (think Mandella or Tutu).  So you are not even voting on the basis of RACE!  You're voting on the basis of high melanin pigmentation!  Would you vote for ME if I sat long enough under a sunlamp?
 
Let me appeal to your intellect.  WHY do you support Barack Obama?  For that matter, why do you support DEMOCRATS?
 
The Democrats have talked for 50 years about "the poor" and have been presumed to be the champions of the minority community.  What have they done to enable and facilitate the success of the black community?  Don't you find it DEMEANING when liberals talk about the black community as though they are incapable and must be "helped" by the "parenting" of government?  Don't you resent if people wonder whether you EARNED your degree or your position at work, or whether some Affirmative Action program elevated you above your qualifications?  Doesn't it bother you that the "soft bigotry of low expectations" permeates Democratic thought and policy when it comes to the black community?  Don't you feel taken for granted when the Democrats PRESUME upon your vote because you are expected to vote nearly unanimously to keep them in power?
 
Liberals define "compassion" by the number of dependent people they dole out meager government "help" to.  Conservatives define "compassion" by the number of people enabled to be no longer dependent and who don't need governmental help!
 
Do you realize that the most vocal OPPONENTS of the Civil Rights Act were Democrats?  Do you realize most Civil Rights Legislation would not have passed if it were not for the strong support of Republicans?  Did you know that LINCOLN, who freed the slaves, was a REPUBLICAN?  George Wallace, the segregationist, was a Democrat!
 
What has Obama done?  Can you name an accomplishment?
 
Did you know that John McCain has a long list of legislative credits, with a history of coalition building and working across the aisle?  Did you know Obama has never introduced a single piece of legislation in the Senate?
 
Does "community organizing" qualify one to be president?  What is a community organizer? - Think ACORN.  Are you concerned about ACORN's activities?  Do voter-fraud and racketeering investigations give you pause to consider that maybe there's something fishy going on there?
 
Does Rev. Wright represent your thinking?
 
Do you support abortion up to (and beyond) the moment of birth?  Would you deny medical care for an infant born alive in a failed abortion?
 
Why is it ok to pursue the American Dream... but as soon as you achieve it, it's ok for the Government to take it away from you?
 
Robbing Peter to pay Paul may sound like a great idea, if you're Paul... but isn't the one doing it nothing more than a benevolent THIEF?
 
Do you know what Socialism or Marxism is?  Do you believe it to be a BAD thing for America?  Would you recognize a Socialist when you see one?  If not, check out:  http://starboard.blogtownhall.com/2008/10/31/obamas_socialist_roots_run_deep.thtml
 
Did you know Obama views our Constitution as an OBSTACLE to his policies?  I thought the President is sworn to "preserve, protect and defend" the Constitution.  Obama views the RESTRICTIONS on Government placed in the Constitution by our founders to be a TRAGEDY!  Don't believe it?  Check it out:  http://www.youtube.com/watch?v=iivL4c_3pck 
 
If the so-called "Trickle Down" theory of economics isn't valid, then why are you worried about the Wall Street Collapse, the Sub-Prime Mortgage crisis, or failures of insurance companies, banks and brokers?  Maybe it's true that when Business does poorly, EVERYONE does poorly and when business does well, EVERYONE does well.
 
Barack says his tax plans won't raise taxes on 95% of "small businesses".  What he doesn't tell you is that the 5% of small businesses that he WOULD be raising taxes on are the source of nearly EVERY new job created in the last decade!!  Sure, there are a large number of smaller businesses that make under $250K a year, but these businesses also do not employ more than a few people.  The 5% of "small businesses" (defined as those that are privately held and employ under 500 people) that WOULD experience increased tax burdens are the ones that employ 100, 200, 500 workers.  THEY have been hiring over the last decade while the big fortune 500 corporations have been simply maintaining, outsourcing or downsizing.  Do you work for an employer who is NOT on the Fortune 500 list?  HE will probably get hit in the wallet.  What happens when a small businessman sees his cost of doing business go up?  He must do one of two things.  Either he will raise the prices of his goods and services to cover the increased expenses, or he will cut his costs where he can.
 
In a down economy, raising prices may be impossible, as the market may not be able to sustain a price increase and his customers will stop buying.  If he does raise prices, that is an added cost to everyone who buys his product or service.  But if he doesn't raise prices, his options to cut costs are limited, and usually fall to workforce reduction.  YOUR JOB maybe!
 
So, if Barack wants to "soak the rich" by taxing those making over $250K - he may be costing YOU your JOB!
 
Remember, too, that the government doesn't tax "wealth" it taxes "income".  The wealthy HAVE money.  Tax policy doesn't take that away (until you die).  The wealthy make still more money by investing.  Sometimes they invest in municipal bonds, which fund local government projects like roads (that helps YOU).  Those investments are tax free.  Sometimes they invest in the Stock Market.  Those earnings are Capital Gains, which are taxed differently than ordinary income.  And those investments are the engine which enables companies to expand an create jobs.  And finally they invest OFFSHORE where the tax man doesn't get his hands on it.  Who bears the biggest burden of "Soak the Rich" policies?  The small businesses that employ the vast majority of US!
 
Are you willing to consider that while America may finally be ready to elect a black President, perhaps Barack Hussein Obama shouldn't be that one?
Email ItEmail It | Print ItPrint It | CommentsComments (2) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Can You Hear Us Now? (We Said NO!)

The Paulson Bailout, proposed at $700 Billion, has now grown in the Senate to $850 Billion with the addition of absolutely ridiculous “sweeteners” like free bicycles and tax breaks to wooden arrow makers!  The Senate has completely lost its way.

But before the House considers, or worse, ACCEPTS any permutation of the Paulson Bailout Plan, they must remember that you can’t make a silk purse from a sow’s ear… and no amount of lipstick will sell this stinker of a porker to the American people!

Even without the additional $150 in pork, think about this:
 
How much is $700 Billion?
 
More than the government spent COMBINED in Fiscal 2006 for:
 
Medicaid    $180.6 in Billions
 
Education     $118.6
 
Health     $ 63.9
 
Transportation   $ 70.2
 
Veterans Benefits   $ 70.0
 
Community Development   $ 54.5
 
Food & Nutrition Assistance  $ 53.9
 
Justice System    $ 41.0
 
Housing Assistance   $ 38.3
 
TOTAL:     $691.0
 
Source: Budget of the United States Government, Fiscal Year 2006
 
According to CNN August 14, there were 750,000 homes currently in foreclosure. In addition to hurting the homeowners, these troubled assets set the value of the lenders' capitol plummeting due to the “Mark to Market” Accounting rules.
 
$700 Billion divided by 750,000 homes = 933,333 PER HOME!
 
As ridiculous as this might be, and I'm not actually proposing it (just using it to illustrate JUST HOW bad the Paulson plan is!), why don’t we just give each troubled homeowner $100,000 toward their mortgage to keep them in their home and reduce or eliminate their balance? We can then refinance any remaining balances for 15 years at 7% fixed.

This would cost taxpayers only $75 Billion, the homeowners get to keep their homes and reduce or eliminate their house payments. The banks get instant liquidity. Balances under $100,000 are paid off and come off the lenders’ books! The lenders get to convert bad loans over $100,000 balance to smaller, better risk loans at a nice fat 7% and suddenly have VALUE again.
 
The only loser... the guy who bought a home he can afford, and who continues making his payments, on time.
 
Of course, this would be an unconscionable giveaway bailout, giving taxpayer money to people who bought houses they couldn't afford... and yet it's more measured, more reasonable and more likely to WORK than the Paulson plan... which does nothing to address the cause of the problem: the CRA, Mark to Market, and corruption at Fannie & Freddie, which MUST be dismantled or at least downsized!  And it doesn’t help the people who took loans they couldn’t afford either!  It bails out the lenders for making bad loans and taking unacceptable risks.

But… we have to do SOMETHING!!  Or do we?

We’re told that inaction will melt the economy.  But it won’t!  And WHAT does the Government do WELL anyway?  Do you trust them to fix the problem?  Most often (and in this case), Government IS the problem; see http://www.youtube.com/watch?v=NU6fuFrdCJY&feature=bz301 and www.youtube.com/watch?v=fa0agm711PQ

No bailout has passed yet.   The day the House failed to pass it, the market dropped 777 points.  The doomsday crowd went berserk!  Yet when you realize that the market was down over 300 points BEFORE the vote, the failure of the bill only accounts for a 400 odd point drop.  Interestingly, the very next day, the market bounced back with the 3rd largest point daily gain in history… and essentially nullified that post-vote loss!  Then the Senate passed their pork-laden version of the bailout, and the market dropped precipitously again!  I guess you could say the market reacted NEGATIVELY to the bailout!!

So how does it affect “Main Street”? You can still go down to the bank and get a home loan or a car loan… IF YOU QUALIFY.  Folks are still driving to work at jobs they still have, in cars they still own, burning gas that they still pay too much for.

Remember EF Hutton?  When they spoke, people listened… till they stopped listening.  Where are they now?  Do you care?

Remember Smith Barney?  They made money the old fashioned way… they earned it!  They’re not earning much now, are they?  Did their evaporation off the face of the earth hurt you?

The fact is that brokerages and even banks have failed before and will again.  YOUR deposits are insured and you retain access to your funds.  YOUR stock assets in your portfolio are YOURS and not your brokers.  If your broker goes under, you still own your stocks.  Find another broker to handle your trades!

I recently proposed a workable plan that would bolster confidence in the markets and ease the capitalization/credit/valuation problems without socializing the markets or giving corporate welfare to Wall Street or handing over inordinate power to Paulson.  Read it at http://starboard.blogtownhall.com/2008/09/30/fixing_the_financial_crisis_without_socializing_the_market.thtml.  If our lawmakers would consider implementing such a plan our economy would improve without mortgaging our future generations to throw $700 Billion or more at it.

For too long Fannie/Freddie and Wall Street have played fast and loose, always with the understanding that if things turned sour, the Government would come to the rescue.  They’ve behaved (even if we exclude corruption and cooking books) like spoiled children who act irresponsibly and get in trouble frequently, only to look to their parents to bail them out – and their expectations keep getting met!  The best thing such a parent can do is put a stop to it – and institute some “tough love”.  When they begin to stand firm, saying “NO, you made your bed, now bear your consequences”, that is the beginning of the maturing of the child.  It’s time that the Wall Street institutions begin to grow up.

Will some firms fail?  Yes.  And they’ll be scooped up at bargain prices by firms who HAVE investable capital!  Will people lose jobs?  Yes.  Will they get other jobs?  If they have marketable skills, they will!  Will the “Market” handle their absence… sure.  The services they provided will be offered by other, more innovative, more competitive and more successful enterprises.  THAT is our capitalistic market-driven system… and when ALLOWED to work, it DOES.

Copyright © 2008 by Doug Edelman
 
Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/.

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Fixing the Financial Crisis Without Socializing the Market

A giveaway of hundreds of billions of dollars is not only bad policy, it is not necessary! Unfortunately, the Democrats have successfully brainwashed the public into believing that the problem was caused by deregulation, when in fact it was caused by Democrat inspired rules and regulations which set up a house of cards in our economy.

When it became apparent that this house of cards was getting large, and wobbly, those who raised the warning flag (Republicans) were shot down by defenders of the system (Democrats). See: http://www.youtube.com/watch?v=fa0agm7lIPQ There you’ll see video of the 2004 Fannie/Freddie hearings. You’ll see who tried to forestall the collapse, and who denied there was a problem. Who questioned the management of Fannie & Freddie, and who declared the raising of the question to be a “lynching” of Franklin Raines, and who praised Raines management at the helm.

Despite the minimal likelihood that the fix outlined below would stand a chance of being implemented, given our current political environment, I will outline a plan that WOULD work in the hopes that SOME of these proposals might be incorporated into any plan that makes its way thru congress.

  • NO taxpayer giveaway of hundred of billions of dollars and don’t put it in the hands of Paulson and Bernanke!
  • Provide assistance in the form of LOANS and INSURANCE. The government does not need to take OWNERSHIP of private institutions like AIG! Do NOT SOCIALIZE our markets.
  • Prohibit all naked market trading. If you want to trade it… OWN it!
  • ELIMINATE the “Mark to Market” rule – which artificially pulls capital off the books of financial institutions and is a contributing factor to the crisis. This rule requires securities to be recorded on the books at the lowest value it might be sold for in a panic firesale – even zero - rather than their ACTUAL value. This results in under-capitalization even when REAL assets are adequate!
  • REPEAL the Community Reinvestment Act, and dismantle or downsize Fannie Mae & Freddie Mac
    • Well intentioned, the act sought to end the practice of “redlining” where certain neighborhoods were deemed unsuitable risks for mortgage loans. While the purpose to put homeownership within the reach of more lower income people is laudable… the execution was poor.
    • As Fannie Mae and Freddie Mac grew under Clinton, and the “Affordable Housing” mandates forced the lowering of lending standards to allow more and more people to “qualify”, the “sub prime” market ballooned. Variable rate loans with low intro rates to get people INTO homes were the norm for these “sub prime” loans.   But adjustable rates WILL adjust, and if artificially low at inception, the direction of that inevitable  adjustment is most assuredly upward. Lenders and borrowers alike completely ignored the factor of affordability AFTER an upward adjustment in the interest rate!
    • Lending institutions were COMPELLED by federal regulators to write more and more of these sub-prime loans. They had target numbers of low-income homes they had to finance or face penalties and further regulation. So qualification requirements were further relaxed, and more “creative” financing options emerged. No money down; Interest Only financing; Negative Amortization loans. Anyone who was paying attention at the time was asking, “How the heck can that work??
    • Mortgage brokers ORIGINATED loans, with no intention of CARRYING the loan thru amortization! They wrote the paper to sell it to a larger entity – who was happy to buy them up, as they were securitized by the GSEs (Government Secured Entities) such as Fannie and Freddie. Fannie & Freddie grew and grew, securitizing ultimately 80% of all mortgages – meaning they held just about ALL the bad paper! A house of cards DOOMED to fall!
  • Institute a moratorium on Capital Gains taxes… allow businesses to put their OWN money to work to climb out of the crisis.
  • Make the Bush Tax Cuts permanent. More money in the hands of consumers will stimulate the economy. Raising taxes in a period of economic downturn is suicidal.
  • PULL DOWN the tax DISincentives to repatriating overseas operations back home in the USA.
    • There are no tax INCENTIVES (existing or proposed) to move job overseas, Obama ads notwithstanding. There are, however tax BARRIERS to bringing overseas operations BACK HOME.
    • A company with offshore operations pays the taxes in that country. If those taxes are lower than US taxes… the difference is owed to the USA. BUT as long as they REMAIN overseas, they defer that debt. An incentive to STAY overseas.
    • Upon repatriating those operations, a company would owe ALL the difference in tax. A company will not have to pay that for as long as they REMAIN overseas.
    • A moratorium on collecting the deferred tax difference for companies repatriating operations back home would stimulate the economy by creating domestic jobs and returning industry to our shores.
  • ENFORCE our borders and our immigration laws. Illegal immigration is a huge drain upon our nation’s resources.
  • Return to the gold standard. Set the dollar at 1/500 of an ounce of gold and back our dollar with more than a promise to pay. Stabilize the dollar's value abroad and eliminate short selling of our currency.
  • Eliminate the Federal Reserve. A PRIVATE CORPORATION which creates currency out of nothing, and LENDS it to the government at interest! The CONGRESS is constitutionally empowered to coin money… not the FED.
  • REPEAL Sarbanes-Oxley. Another well-intentioned but poorly executed regulation crafted in the wake of Enron/Worldcom. (Which are small potatoes scandals when laid next to Fannie/Freddie!!) SARBOX compliance has placed an undue burden upon “play by the rules” companies, but has done little to curtail the abuses by those who have purposed to “cook the books”.

Of course, too many have too much vested interest in NOT implementing the above for it all come about, though if it did our economy would BOOM!

On the other hand, if SOME or ANY of the above can be incorporated into any next attempt at a rescue bill… we may achieve a bill that will stop the bleeding and restore confidence in our markets.

Copyright © 2008 by Doug Edelman

Doug Edelman is a conservative political commentator and has been a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College.

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Goodbye USA, Hello USSA!

Welcome to the United Socialist States of Amerika!!

The Wall Street Bailout as currently proposed is going to cost taxpayers $700 Billion. A $700 BILLION Bailout??? Half the Federal Annual Budget??

Let's see... wasn't it just 4 years ago that $87 Billion could run a WAR for a YEAR? And Congress balked at that figure ("I voted FOR the $87 Billion before I voted against it..."). What have we spent IN TOTAL on Iraq? I don't think we've gotten close to $700 Billion yet, and now they want to spend that amount on bailing out a bunch of misbehaving children on Wall Street??

I thought investors understood that they're putting their money at RISK, and that RISK was part and parcel of the opportunity for high returns! Why is it now the responsibility of the average taxpayer to bail out those who managed their money with less responsibility than a drunken sailor? (With apologies to our sober and responsible men and women at sea!)

Understand this: It was not DEREGULATION that caused this meltdown of the markets. It was Democrat Do-Gooding REGULATIONS that caused it!

When congressional pressure was brought to bear on the Mortgage Industry to put more “disadvantaged” people into houses, it became necessary to reduce the creditworthiness standards required to qualify for the loans – as these people could not qualify under reasonable risk assessments for conventional lending at the time. So money became cheaper, and the “sub-prime” mortgage market was created with relaxed creditworthiness requirements. Teaser rates were offered to get people INTO houses they couldn’t afford. Adjustable rate mortgages were originated, making money for brokers – and then sold off to bigger players like Countrywide. With Fannie and Freddie saying “Go, Go, GO” while relying on government backing. This house of cards was BUILT by the Democrats trying to put unqualified people into houses. The Democrats could not abide the reality that SOME PEOPLE CANNOT AFFORD HOUSES! To them, the right to homeownership meant more than the right to purchase what you can AFFORD to buy. For these utopian dreamers, the right to home ownership was akin to the right to an attorney… “If you so desire and cannot afford, one will be provided for you…”

It is a fascinating exercise to lay Obama next to McCain on the issue of the collapse of Fannie/Freddie...

From Barack Obama:

We're told that the current financial crisis and the collapse/bailout of Fannie Mae and Freddie Mac are the result of "Bush/McCain Policies."

It seems like all he has to offer is to paint McCain as Bush 44... and exploit Bush Derangement Syndrome!

(Isn’t it interesting to note that behind Sen Dodd - the chairman of the powerful banking committee - Barack Obama received more money from Fannie/Freddie than any other lawmaker of the over 300 who received contributions between 1989 and 2008... and Obama was only in the Senate for 3 of those years!)

On the other hand; John McCain, who has never taken an earmark and has campaigned actively against them, sought to reign in the abuses of Fanny/Freddie in 2005 by co-sponsoring the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 1 90 http://www.govtrack.us/congress/bill.xpd?bill=s109-190 - which was shot down by Democrat resistance!

Note his statement from the Congressional Record, quoted below, in support of the Bill. Seems he had a crystal ball!! (This from a guy who stated self-effacingly that he doesn't understand the economy as well as he'd like! If only more people understood it as well as he does!)

Statement by John McCain (R-AZ) May 25, 2006

Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.

 

The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

 

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

 

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.

 

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 1 90 <http://www.govtrack.us/congress/bill.xpd?bill=s109-190> , to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

 

I urge my colleagues to support swift action on this GSE reform legislation.

Think about this for a moment. Suppose you are a family earning $100,000 a year. You are $400,000 in debt including your mortgage. You live paycheck to paycheck, meeting current expenses and making payments on your debt – and putting money into savings or investments is a nice goal, but hardly a reality. You have a wild and irresponsible child who has run himself into $50,000 debt with drunken gambling. You then take a loan to hand him a $50,000 check to bail him out.

Is that SANE?? Yet that’s exactly what we, as taxpayers, are about to do if the proposed bailout goes through!

Our Manufacturing Industry has already been taxed and regulated into moving off-shore. Maxine Waters revealed that she wants to take over the Oil Industry. Hillary wants to take over the Health Care Industry. And now the Financial Industry is in the process of being taken over. Socialism IS conquering us!

Paulson and Bernake are about to END the USA as we knew it. Good bye, America... you've had a nice run.

Property values in New Zealand are now going to climb thru the roof!

Copyright © 2008 by Doug Edelman

Doug Edelman is a conservative political commentator and a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/

Email ItEmail It | Print ItPrint It | CommentsComments (2) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

ADVISORY; Political Storm Obama

ADVISORY: Political Storm Obama

 

Disclaimer: This piece is political humor and parody. (I don’t want any misunderstandings like the New Yorker recently experienced!)
 
Dateline: July 2008
 
The National Climate Agency has been tracking a new political storm which is rapidly becoming so powerful it threatens to change the landscape of the entire nation! Political Storm Obama is predicted by some to make landfall in November, triggering potential landslides. Some are calling this a history maker.
 
First, some background on this gathering storm:
 
Political Storm Obama first formed off Africa as a minor depression.  This is the first time such a storm originated from there. Then it loitered as it did some organizing before rapidly moving to the left of the Congressional Isle.
 
There, it spun aimlessly for a time – gaining strength and drifting ever further left.
 
Recently Obama’s track has become more difficult to predict, as it seems to zig and zag randomly left and right… even paying a visit to the Middle East.
 
Fortunately, not too much damage was done there. Some fear a return visit – but strangely, others would welcome one, saying Obama might help their efforts to scour the eastern Mediterranean coast of what they classify as pollutants.
 
But for now, Obama continues its leftward path toward Washington, and if predictions hold and Obama continues on its present track, 1600 Pennsylvania Avenue will take a direct hit on January 20. Damage is expected to be severe.
 
Despite coming ashore in the Nation’s Capitol – risk assessments are indicating widespread danger to refineries, offshore oil rigs in the Gulf, Nuclear Power Plants nationwide, and coal mines ranging from West Virginia to Wyoming! This storm threatens our very way of life and could return us to the days of beeswax candles and buggy whips if it unleashes its full fury! Healthcare providers are anticipating being taxed beyond their limits. Utilities are also nervous about their ability to continue to provide adequate service.
 
Citizens are urged to prepare by stocking up on non-perishable food, firewood, and antidepressants. They may need to hunker down for an extended period.
 
Some contrarian forecasters did try to offer an alternative, more optimistic scenario: that Obama would run out of steam before coming ashore. This scenario is generally ridiculed by the mainstream.
 
All agree, however, that while Obama’s track may waffle a bit, a real turn to the right is virtually impossible.
 
Copyright © 2008 by Doug Edelman
 

Doug Edelman is a conservative political commentator and a contributing editor for The Conservative Voice.  His work is also seen on News By Us, The American Daily, The Post Chronicle, New Media Journal, Capitol Hill Coffee House etc. For the support of his family, however, he is also an IT Consultant/Contractor and owner of a Computer Services Business.  He has taught PC Maintenance & Repair and Networking at his local Community College, and maintains a blog at http://edeldoug.blogs.com/


Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »