Elkhorn Creek Lodge

The Politics of Overreach

Posted in biden, corruption, democratic party, economics, gop, obama by Eugene Podrazik on February 6, 2009

The socialist revolution planned by Obama and company may have been upended by hubris.  Hubris and the insularity of politicians that come from jurisdictions that sport one party rule and a whole lot of corruption on the side.

Let’s start with Pelosi.  She’s busily and bravely taking bullets for Obama in pushing a frankly socialist remake of America.  The results of her so-called stimulus plan is a grotesque caricature of the “tax and spend” liberal; so over the top that is will supply the likes of Jay Leno with jokes for the next century.   It is a spending plan that puts the US into the realm of financial stewardship reflective of a banana republic.  And, this, thankfully is its downfall; both of this particular piece of legislation and, hopefully, the rest of Obama’s agenda.  

But, this grotesque spending plan is the product of a congresswoman who inhabits a district from San Francisco where her chances of being picked off by a Republican challenger is somewhat less than zero.  This is the neighborhood of the Getty manse; the venue of Obama’s famous “bitter” remarks (except they really believe it there).  Further, she has plenty of personal wealth, to augment her congressional perks of power to easily insulate her from any of the economic hard times now rocking many of her fellow Americans.  The result is a completely tone deaf woman who thinks that cornering the condom market is economic stimulus.

The we have the exalted one; Obama.  As I type, he’s had four key nominations in serious ethical trouble; one for pay to play and three for taxes.  And, the grand solons of the MSM wring their hands as to how their exalted leader has such a flawed vetting process.  

The real answer is again the arrogance and insulation that comes from operating in the corrupt one-party rule of the Chicago Democrat political machine.  In Obama’s mind, there’s nothing wrong with his vetting because such vetting would be more than adequate in Chicago.  In Chicago, everyone has ethical skeletons in the closet.  To insist, in Chicago, on such things as being reasonable accurate with tax filing would amount to the pot calling the kettle black.  I suspect, so conditioned to ethical lapses, that the Obama team never even realized that people outside the bubble that is Chicago machine politics may actually object to failing to report and pay hundred of thousands of dollars in taxes.

Obama, like many of his fellow traveller in the Democrat caucus, have lived their entire lives using other people’s money.  Obama drew a salary as a ward heeler (the old fashioned term for “community organizer”).  And, his employer, ACORN made its mark by extorting  money for “free” home–the nidus of the sub prime meltdown.  Through these activities, Obama was deemed worthy to co-chair the Chicago Annenberg Challenge to distribute $100 million dollars to selected friends and do nothing to do the stated goal of the Challenge, improve public education.  This is the “executive” experience he now brings to the White House.  Then on to the Illinois State legislature, the US Senate and now President.  Obama’s a very wealthy man who never added one iota of wealth to the GDP.  

And, while in Chicago, his only experience with economic policy is Chicago economic policy.  The fine art of taxes and graft of the truly productive elements of the Northern Illinois economy; just enough squeeze but just short of the breaking point.  The result is a miserably expensive place to live.  Sales taxes hovering around ten percent.  Property taxes, as compared to my home town, that aren’t just a lot more but a lot more by almost an order of magnitude.

Obama’s vice-president, Biden, got himself elected to the US Senate two years out of law school.  Then kept getting re-elected and re-elected.  The job in the Senate is the only job Biden’s held and only paycheck he’s has drawn for his entire adult life.

Then’s there’s Daschle.  A man, since his exit from the Senate, who became a multi-millionaire trading in favors and connections.  Again, wealth without one iota of economic growth or innovation.  And, by the Biden’s standard of tax paying patriotism, Daschle is clearly un-American.  

Yet, Obama, with a knowing wink, hands his legacy over to Pelosi, to write a “stimulus” bill that is a Trojan Horse for the down payment on the new Socialist America.  To say the least, the gross excess is so excessive that it takes no effort to ridicule, it ridicules itself.  

In the process, we find Obama getting rolled by both parties.  First his “friends” in his party set him up with this “stimulus” and now the GOP is making him look like a fool for being within ten miles of this legislative dog.  Our enemies are very astutely weighing this sterling example of presidential leadership.  The real irony is that Obama is so bought into this “stimulus” that he’s practically committed to signing anything, including a pig with lipstick (couldn’t resist), that walks into the Oval Office with the word “stimulus” painted on it side.

Since his only “exeuctive” experience was giving money when chairiing the Chicago Annenberg Challenge, we have a man with none.  This was not an exercise in delegation, it was abdication of responsibility to Pelosi and the solons of the House Democratic Cacaus.  With similiar dithering on Gitmo, were going to just outsource torture.

At bottom, politics has rough principles of honesty.  Everything in politics consists of verbal agreements; you’re only as good as your word.  With fellow politicians and with the public.  Everyone knows to discount a certain amount of verbal hyperbole, but the bait-and-switch that is the Obama-Pelosi-Reid troika is the result of three politicians that don’t have the grounding that there are a lot of people who still value the fact that your word is your bond. 

In Chicago, there is essentially a breakdown of the rule of law.  A cynisicism governs all things public; born of a knowledge that everything is for sale.  And, it creates a seperation between those who nominally hold the public trust and those for whom they govern.  there exists a seperateness that politicians live in their own world and the subjects do what they can, after paying tribute, to keep government at arm’s length.  So inured is Chicago to this attitude that a politician like Obama can assume that this is just business as usual.  But, outside Chicago, outside safely Gerrymandered congressional districts are people who will look upon the lies of these insulated politicians and vote to counter these liars. 

Obama’s Legacy; It Ain’t Nancy’s Problem

Posted in democratic party, economics, environment, gop, obama, politics, republican party by Eugene Podrazik on November 19, 2008

The Democratic overreaching begins. It looks like Waxman is going to oust Dingell as chairman of the Energy and Commerce Committee. What we have is the hard left of the Democratic party driving policy; in this case energy policy with complete obeisance to the environmentalists. Translation, global warming with cap and trade.

So, just when the economy is tanking, we’re going to be faced with artificially high energy prices to “encourage” us to switch to “alternate, green” energy. This encouragement will be in the form of the return of four-dollar plus gasoline. If this represents a pattern we’ll see more killer tax and spending policies coming out of other parts of Pelosi’s Congressional Empire.  

Obama’s, like pirate Jack Sparrow, has just been tossed up on a desert isle with a pistol and one bullet. He’s all alone. What Obama will have to realize is that his getting into subsidized housing on 1600 Pennsylvania is all and the entire bone that the Democratic leadership is willing to give to its black constituency. As far as they’re concerned, the legacy of Obama is getting elected. Whether he’s successful in his own right is not their problem.

From Pelosi’s and Reid’s point-of-view, picking off enough Republican Senate and Congressional seats and putting Obama in the White House was to give them the running room to pass their agenda. And, in particular, before any backlash in the 2010 mid-term elections, jam as much stuff through this two-year window of opportunity. For Pelosi in particular, and her power barons in the House leadership, being almost immune to any voter backlash, they will have their agenda and to hell with the other rats, Democratic and Republican, on the sinking ship. Obama’s going to have to realize he’s one of those rats that Pelosi could give a rat’s ass about.

Obama’s no longer from a safe seat. His legacy, if he wants a positive one, will require more that being a first in the form of high melanin content. He will need a track record of accomplishment to secure a real place in the history books. A record of accomplishment that will secure him a second term. A record of accomplishment that will allow him to retain running room with regards to working with congress. A record of accomplishment that will allow him to pull a country out of a recession and not degenerate into a depression; and not have his one-term presidency tarred as Hoover II (or Carter II).

In short, Obama will need to realize that he no longer lives in the bubble of pre-ordained elections of the Chicago Democratic machine. He needs to truly in the center and start playing football between the 40 yard lines. Frankly, he need Senator McConnell, his GOP caucus and enough blue-dog Democrats to form a governing coalition. Reid, Pelosi, Dodd, Schumer, Frank, Rangell are not his friends. 

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Conservatism; Steady As She Goes

Posted in economics, gop, obama, politics by Eugene Podrazik on November 10, 2008

There’s cum dripping down from the ceilings of every MSM newsroom over Obama’s presidential election last Tuesday. And, pundits from both sides of the divide, but particularly from the left, jabber on about another sea change in the political landscape. Socialists of every stripe are having wet dreams over the impending transformation of America into a worker’s paradise complete with a UN-approved zero-carbon footprint, $10 per gallon gasoline, a Prius in every garage and government paid abortions to prevent icky kids from messing up the upholstery. It’s very similar to such pronouncements upon Clinton’s accession to the presidency back in 1992. The millennium has arrived. A new realignment. And, so on.

But, as was attributed to Margaret Thatcher, the facts of life are conservative. Conservative ideas may not get you into a Georgetown cocktail party. They won’t spark up a conversation in the Hamptons (at least since Bill Buckley’s passing). But these ideas will not yield to the latest vogue policies coming out of Washington; not with out significant unintended effects. 

Economics policy will not work unless the two parties of an economic transaction both, voluntarily, want that transaction and both will benefit from that transaction. Transactions forcibly created are, in other circles, called robbery. The robber is the beneficiary and will naturally support such a transaction. The person being robbed will do everything to minimize his loss. Roman Emperor Diocletian tried price controls; they didn’t work. Lenin and Stalin murdered tens of millions in their GULAG’s; and still fell far short of their worker’s paradise.

Electric and steam powered cars have been around for over a century. Yet, the internal combustion engine dominated. For a reason, it is a far superior way to power vehicles since a vehicle powered by a gas or diesel engine is going to do a better job than other forms of locomotion. Weight for weight, volume for volume a tank of gas is going to power a car or truck far more efficiently than, say, batteries. We’ve known that for a century and the free market would have ordained otherwise if that weren’t so. 

Artificially distorting the market by allowing a cheap and plentiful commodity such as oil and gas to become prohibitively expensive by curtailing supply by government fiat will not our solve our energy problems. It certainly will direct our economy to make “alternative” cars. But, cars that American would rather not have because they simply will not replace current cars for their far superior utility. Again, things happen for good reasons. Reasons that are rapidly thought through and rationalized in the give and take of a free market economy. No amount of governmental bureaucratic massaging is going to come up with a better solution. What will have are more expensive and less capable alternatives to our present auto. Maybe less carbon, but what are you going to do with all of those lead-acid batteries when you have to replace your alternative auto? And, you will have a nation poorer as a result because of this gross misallocation of resources.

The real postmortem of this election is the slow abandonment of Reagan’s policies of 1980. The policies of less taxes and less government sparked a 30 year era of prosperity. A significant portion of our electorate never even experienced a real recession let alone a depression.   And, tied to these economic policies was a constant rhetoric that continued to pound home that basic message of less government. Reagan realized that just because things are working well doesn’t mean that there isn’t someone always waiting in the wings who thinks that he can run your life better than you can. Like Obama.

Our current economic problems can all be traced to governmental intervention. Once upon a time, you bought a house with a 30 year fixed rate mortgage; 20% down; monthly payment not to exceed 25% of your monthly take home wages. It reflected what could be reliably purchased with out default. Those rules, by government fiat and ACORN extortion, were upended and Fannie Mae happened. When the old plain vanilla rules were followed there arose a middle class of homeowners with real equity; real wealth. When these new-fangled mortgages (interest only, zero down, ATM) came on to the market, chaos followed.  The former was so booooooring, while the new mortgages were soooo exciting; and it got more exciting.

The other half of Reagan’s policies was a muscular foreign policy backed by a strong military. No, Reagan wasn’t the war-monger as his critics liked to paint him. But, his success in keeping the peace and bringing down a nuclear armed adversary were tied to a strong military and the impression, in the minds of our enemies, of a willingness to use that power. Again, for the last 30 years, we haven’t faced wars like the one’s in the past. The sum total of our battlefield casualties over the past 30 years are such that they do not exceed, in one day of combat, the casualties on the beaches of Normandy, Tarawa or Iwo Jima. It doesn’t take much of a misstep to get ourselves involved in such a conflict again if we choose to abandon Reagan’s foreign policy philosophies.  

From Bush I’s reneging on his “no new taxes” promise to the pork barrel spending by the GOP during the last decade, the GOP lost it’s credibility. So, when the sub-prime mortgage crisis hit, the GOP with its badly battered brand name was unjustifiably tarred with the crisis. Moreover, it could no longer articulate a warning that this crisis could only be surmounted by economic growth. It could no longer articulate that governmental intervention carried a strong risk of turning a recession into a depression. So, we elected Obama; and the market is doing the dwindles in the 8000’s.

By virtue of a 30 year track record of success, there’s no need to re-think conservatism. It worked because what Reagan brought to Washington was based on experiences, from time immemorial, of what works with regards to economics and foreign policy. As in Economics 101; as in ancient Rome; si vis pacem, para bellum.  The truth isn’t “new” or “exciting.” It doesn’t have the cache of deconstruction by some superstar Marxist professor. They just work.

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ACORN and Honest Elections

Posted in carter, democratic party, gop, obama, politics by Eugene Podrazik on November 8, 2008

One of the brilliant features of the electoral college is a built-in check against voter fraud. Or, to make fraud truly effective, one would need to do so in 51 different geographical locations. Even with ACORN going national, that’s still a daunting task. The simple fact is that stealing votes in Chicago will only net the electors of Illinois, no matter how many votes cast in Chicago. Whereas if presidential elections were done by popular vote, every fraudulent vote would count.

But, were ACORN and their allies can truly cause damage is in the three remaining and undecided elections for the Senate; Alaska, Georgia and Minnesota. Here we have elections close enough that fraudulent activities of even a few thousand votes, or a few hundred in Minnesota, can make a difference. A difference, indeed, since these three elections will determine whether the GOP can mount meaningful opposition to the legislative testosterone of the Democratic majorities of the House and Senate with a compliant Oval Office.

The last time the Democrats had a filibuster proof Senate was the 95th congress of 1977-79. The one that, with Carter at the helm, gave us the Community Development Act, the origin of the current subprime mortgage mess. 

Already, there are signs of a stolen election in Minnesota. Given a vote differential of only 500 votes, this one is an easy one to steal especially since the Minnesota Secretary of State is a creature of ACORN. And, indeed, one hundred votes here and one hundred vote there start to pop up for Frankin. How convenient since the entire process is counted electronically by an optical scanner.

If this was such a transformational election, then Senate and House majorities would have reflected such. But, using Obama’s vote tallies, he got on 52% in another 50-50 nation election. He’s the first Democratic candidate to even break 50% since Carter in 1976–32 years ago. And, frankly, the three remaining Senate contests would have swept Democratic. But, it didn’t. It didn’t because there may have been a temper tantrum to throw punish the party that currently holds the White House, but there isn’t a socialist mandate.

As tight as they may be, those elections and the check of filibuster must stand. To overturn these elections by fraud will slowly create a lawless that stems a society wide disrespect for the rule of law. You only need to travel to Chicago, were a century or more of corrupt Democratic machine politics creates such a causal disregard for the law. Due process is reduced to cutting deals, lubricated by cash. Elections are pre-ordained; the real outcome being determined in the Democratic primary. It is not a place that attracts new economic growth. It is a very expensive place to live. It coasts on the momentum of being, for the present, the 3rd largest city in the country. For a bright young federal prosecutor, a treasure trove of corruption convictions to burnish any career.

What with a beyond biased MSM, shady fund raising, questionable past associations never truly vetted, this election was rigged enough to call into question, even Obama’s victory. It needs to end on at least the positive note, that in these three remaining elections, of some modicum of integrity of an honest ballot. 

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What’s Flying Under the Radar

Posted in democratic party, gop, main stream media, mccain, obama by Eugene Podrazik on October 8, 2008

I missed the debate last night–again. I spent the evening going over math homework with my older daughter, reading with my younger daughter and then finished the night reading the fourth book of the Sisters Grimm to both of my daughters. Frankly, it beat watching Obama’s oleaginous delivery of platitudes that, if implemented, will further run our economy into the ground. 

Maybe it’s wishful thinking. And, maybe I’m falling prey to some conspiracy theory. But, I’m beginning to believe that the polls and the debates are just extensions of an MSM in the tank for Obama. Frankly, I wouldn’t put it past the MSM to have slipped the Obama camp some crib notes on the topics for the upcoming debates. He’s too smooth, too prepared. And, from To Kill a Mockingbird, you’ve got the comment that a lawyer never asks a question of the witness unless he know the answer. What answers does lawyer Obama know?

Then the polls. Who do these guys work for? Or, should I say that many of their polls are commissioned by any of a number of MSM outlets and are their results tailored for their clients? Are the polls reporting the news or there to create news; creating or continuing a narrative to create a specific outcome rather than just report on it.

The GOP is going to need to more systematically develop an alternate communication system. Talk radio and the internet are two key components. With all these papers tanking, maybe the GOP can pick a few of them up on the cheap. Said papers, could serve as summer internships budding conservative journalists.

And, the debates. With the possible exception of Ronald Reagan in October 1980, these affairs are at best break even for the GOP. The original Kennedy-Nixon debate turned out to be a campaign dirty trick; some one turned up the heat in the studio to make Nixon look sweaty, old and haggard. And, the GOP is not the party of fast-talking trial lawyers. If these dreadful affairs are going to continue, it time that the GOP insist that their people start moderating too. How about a prominent member of the media that draws 20 million listeners? How mainstream is that? If you’re going to call a tax-subsidized joke like PBS Lehrer mainstream, then Rush Limbaugh more than deserves to moderate.

But, where do we stand in this election? Frankly, only the GOP and Democratic internal polls know. I just know that I have a lot of casual conversations that have people casting doubt our Messiah, Obama. Yeah, I know that’s not statistically valid. But, neither is the MSM’s cooking the books.

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Running Out the Clock

Posted in democratic party, gop, main stream media, mccain, obama, palin, politics by Eugene Podrazik on October 3, 2008

Obama’s margin of victory, for the Democrat nomination, centers on winning Red State caucuses and using the preponderance of the black vote among Democratic primary voters, in the South, to win those Red States. With the Democratic party grandees to afraid to offend a voting block that consistently votes ninety plus percent Democratic and a compliant MSM, Obama stumbled across the finish line first. Or, more accurately the MSM dragged him across.

Everyone was just supposed to step aside and fade as the anointed one steps up to the throne; just like in Chicago when your the machine endorsed candidate.  Remember all the rancor when Hillary kept the campaign going right out to June. 

Throughout this campaign, Obama has been a Johnny-one-tone. “Inspirirational” but vague pronouncements about “change.” “Change” turns out to be a very perishable product that depended on his getting across the finish line fast and before it spoiled. It depended on coasting on the discontent of an electorate fed up with a GOP that foolishly squandered its capital on big government. And, most recently, it depended on taking this financial meltdown, borne of Democratic Party corruption, and riding it out to November 4th.

As distasteful as it was, the bailout legislation had to be passed. Regardless of the future consequences, and those consequences will haunt us for years to come, McCain had to take this financial meltdown off the table; and fast. His coming off the campaign trail was more than a gimmick. I was a necessary maneuver to force immediate action to give his campaign and that of the GOP time to recover. His presence in Washington DC forced Obama and Biden to react and do the same. Moreover, his presence so spotlighted the problem that the Democrats could no longer allow the problem to fester–until November. And, the public spotlight coming from McCain’s anti-corruption credentials force necessary revisions that prevented this bailout from becoming a ACORN earmark. (I know, there was a lot of pork anyway. But, there were some tax breaks put in the bailout.) 

Now, if played out right, it can show McCain as the leader and man of action who played a role in sorting this problem.  His trip to Washington, seen over the events of the last two weeks can now be seen as a plus; meaningful action to start to settle this financial mess.

Palin played a very important role. Her performance serves to bracket this crisis giving she and McCain time to contrast their anti-corruption credentials with the Obama/Biden status quo that created this mess in the first place. And, an energetic Palin against Biden served to heighten a contrast of reform versus status quo. A contrast of Senate-ese with the clarity of an American untouched by the “sophistication” of the power enclaves of our bi-coastal elites. A contrast that left Biden just looking so yesterday.

But, Palin gave McCain the opening. He’s still got to run the ball. And, he’s got to take the attack to Obama who’s going to continue to try to do as little as possible to allow the MSM, events and the clock carry him to victory. Obama’s the quarterback, who in the last 29 seconds of the game falls on the ball to preserve his team’s two point victory. But, he’s a quarterback who has only the “change” play in his repertoire. A quarterback whose only contribution to the financial meltdown was “give me a call if you need me.” And, truth be known, the last thing he wants is a solution to this crisis, at least until November 4th.

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Okay McCain; Let’s Stow the Bipartisanship

Posted in democratic party, economics, gop, mccain, obama, politics by Eugene Podrazik on October 2, 2008

So McCain has voted on the Senate bailout bill.  And, we have Obama and Biden on record as well; all three voted “aye.”  

Now, it’s time to stop preening as Mr. Bipartisan and start running for president.  And, as the titular head of the GOP, McCain, win or lose, has a duty and responsibility to run as hard as possible to keep the election close so the GOP can maintain a viable opposition in the House and deny the Democrats a filibuster-proof majority in the Senate.

The only reason for McCain for reaching across the aisle is with both to strangle the opposition.  He’s got three remaining debates and thirty days to make sure that Democratic Party corruption in protecting their favor honey pots at Fannie Mae and Freddie Mac are the origins of this financial crisis.  Attempts, primarily by the GOP and in particular McCain, to reform Fannie and Freddie were rebuffed on a party line votes on numerous occasions.  No matter what the occasion, no matter what the question, the mantra is always: Democrats, corruption, Fannie Mae.

Nor, was this a failure of free market economics.  This was a political decision to give certain favored voter blocks cheap housing regardless of ability to really afford that housing.

Time was that you got a 30 year, fixed-rate mortgage with 20 percent down and a mortgage payment no larger than 25 percent of your net monthly income.  These were not unreasonable conditions that worked and, since WW II, created a middle class by giving them the means to develop equity in the form of home ownership.  And, governmental invention in this original situation reflected market conditions that would realistically allow stable maintenance of a mortgage with a low default rate.

The political decision implicit in the Community Reinvestment Act was to make home ownership available to persons who had no realistic ability to do the same. A political decision reinforced by Obama’s former employer, ACORN. It was a political decision to proceed even though free market conditions would have not proceeded with such loans, sans a federal guarantee, since a high default rate would result.  And did.

So, the real cause of this crisis is corrupt governmental intrusion into the free market. There was never an unsoundness of free market economics.  Rather, it was the unsoundness of the decision, by governmental fiat, to essentially legislate that water will flow uphill.  And, after linking the corruption to the Democrats, this is the other point McCain needs to drive home.  

The Democrats might want to learn from this as well.  Because the econmic hard times will be associated with the party that dominates as of January 20, 2009.  Remember, it was Hoover’s depression since he was saddled with the 1929 crash from 1929 to 1932. This crisis is hitting with Bush already a past memory.

 

An Open Letter to the Senate GOP

Posted in democratic party, economics, gop, politics by Eugene Podrazik on October 1, 2008

Dear Senators:

 

The Senate will be taking up the matter of the financial meltdown that has so gripped our nation for the last ten days or so.  However, the Dow is up by almost 500 points today.  Since the sun still rises and the sky hasn’t fallen it becomes apparent that the Democratic Party is prolonging this crisis for partisan advantage.

 

In approaching any solution, it must be made very clear that this is not a failing of the private sector or of free-market economics.  Rather, it is a failing of good governance.  It is a purposeful lack of oversight of Fannie Mae and Freddie Mac, by the Democratic Party, for the purposes of protection of these organizations to provide favors to favored constituencies, such as ACORN, and to cultivate sources of campaign cash.  In short, this financial crisis is the direct result of rampant corruption.

 

This corruption must be fully exposed; and exposed immediately.

 

Further, any “rescue” must include an abolition of the Community Reinvestment Act and the abolition and complete liquidation of the respective assets of Fannie Mae and Freddie Mac.  These vehicles of corruption must be eliminated.  Or, at the very least votes must be forced on the abolition of these entities to force each Senator to make a stand.

 

Additionally, only what is necessary to allow credit markets to function is to be undertaken.  No other tax dollars are to be used for any planned “rescue.”

 

Unlike the House, the GOP holds the votes insure that their concerns will be fully heard and incorporated into any “rescue” plan.  This is no time for “reaching across the aisle.”  This is a time to stand up for this country by exposing the corruption that lead to this mess.

 

 

The Sallie Mae/ACORN Tax Increase

Posted in democratic party, economics, gop, main stream media, mccain, obama, politics by Eugene Podrazik on September 30, 2008

Yesterday’s failure of the bailout in the House doesn’t end the crisis. But, the crisis and the cause, Democratic party corruption, still remain. In the long run, this crisis will redound against the Democrats, but the time is too short for it to have an effect on this election. Yesterday’s vote probably cost McCain the election.

Pelosi’s role in engineering the bailout’s defeat (she didn’t “whip” the vote) was very shortsighted. The Republican caucus knew that Pelosi wasn’t pushing party discipline and loyalty to get a winning vote. Pelosi’s venom in the speech just prior to the vote only served to confirm the fact that she was going to use this crisis to partisan advantage. And, long after the finger pointing, what will be remembered is that the coming recession, and possibly depression, is Pelosi’s and Obama’s.

But, this crisis remains a creature of the Democratic party. It is the creature of the likes of Dodd, Frank, Reid and Pelosi.  The longer the problems remains unsolved the longer it festers. The MSM can hide the problem only so long. Then the corruption underlying the problem will come out.

Obama and the Democrats, with the help of the MSM, are trying to run the clock until November 4th. In the long run, no amount of ACORN slush funds will hide the reality of the damage that corruption emanating from a badly mismanaged Fannie Mae and Freddie Mac. 700 billion dollars of corruption will, in some way, wash through our economy. Whatever plans the Democrats had for their triumphant re-entry in January 2009 will be very badly constrained by that fact.

Obama got his wish for a tax increase; a 700 billion tax increase. A 700 billion tax increase courtsey his friends from Sallie Mae and ACORN (you know, he used to work for the latter). The problem is that his friends at ACORN have already spent the money. And, there’s no more money. The slack that Reagan’s economic policies engendered is gone.

There’s no more money for any more of his social programs he’s promised. We’re already in for a recession; at the very least. And, it will be Obama’s, not Bush’s, recession. His options will be constrained by the reality that any move he takes could turn his recession into a depression. This is the knife edge that Obama’s presidental legacy will reside.

Remember, Hoover got tagged with the Great Depression because is was his from 1929 to 1932. This recession (and perhaps depression) will coincide with Obama’s assumption of power in 2009. The economic conditions will squarely be associated with the man who occupies the Oval Office as of January 2009. Even now, Bush is a faded memory.

Yes, Obama, to his own detriment can listen to his loony-left supporters and proceed with all sorts of taxing and spending–above and beyond the 700 billion tax and spend by his friends at Fannie Mae and ACORN. And, the Democratic party will come to a sudden halt in November 2010. I think that even Pelosi isn’t that crazy

Yes, Obama can toe the line with the fringe global warming crowd. But, very soon, he’s going to start hearing about the high price of home heating oil from the Blue State Northeast. That’s above and beyond four dollar gasoline. And, California actually has offshore oil that can come on line in under a year. Obama better start really leaning on the California Congressional delegation.

And, despite the venom Pelosi directed at Bush yesterday, Obama better start, right now, making real nice with Bush. Because Obama is going to need a really big favor from Bush–bombing Iran before January 20th.

But, McCain still has a very important job to do. That is to continue to help the GOP maintain strength in both houses of Congress. Win or lose, he is the head of the GOP. He has a responsibility, in the next thirty days to campaign as hard as possible to keep this election close because, for the sake of this country and his party, he needs to maintain a viable opposition. In particular, he needs to deny the Democrats a filibuster-proof Senate.

McCain needs to concentrate on one mantra for the next thirty days: Democrats-corruption-Sallie Mae. Regardless of the questions asked on the remaining three debates; Democrats-corruption-Sallie Mae.

 

The McCain Rescue Plan

Posted in democratic party, economics, gop, mccain, obama by Eugene Podrazik on September 29, 2008

The importance of McCain’s intervention in the financial rescue plan cannot be overly emphasized. It was the catalyst that made this plan that will address the financial crisis cleanly and without the pork and favors that the Frank-Dodd plan had. Or, the no strings attached that the Paulson plan had. And, it makes provision for transparent bipartisan oversight:

 

          

Side-by-Side Comparison of Rescue Legislation           

 

Issue

Paulson Plan

Frank-Dodd

Final Bill

$

700B

700B – Delivered in 150B traunches that can be delayed by  Congressional disapproval (and a Presidential signature)

250B – Immediately available to the Secretary.

100B – Available upon report to Congress.

350B – Available ONLY upon Congressional action.

 

Insurance (HouseRepublican Mode)

 

 

Requirement to establish mandatory insurance/guarantee program at no expense to the taxpayer.  “Pay to play” for participating companies, based on risk.

 

Executive Compensation

 

Far reaching executive compensation standards that would affect companies not even involved in this financial crisis.  Additionally, the bill lowered the deduction on executive pay to $400,000 for ALL companies.

Workable prohibitions on executive compensation to ensure bad actors are not rewarded. In a total takeover (like what happened with AIG), there will be no golden parachutes or severance pay.  For equity participation, over $300M total ban for top 5 executives on golden parachutes and tax deduction limit on compensation above $500,000.

 

Oversight/Transparency

 

Onerous, unworkable and repetitive reporting and oversight requirements, hindering proper implementation of program. 

Establishment of bipartisan oversight commission, split evenly between minority and majority.

Practical reporting requirements to ensure proper reports to Congress and the public.

 

If after 5 years the government has a net loss of taxpayer funds as a consequence of the purchase program, the President will be required to submit a legislative proposal to recoup such funds from program beneficiaries.

 

“Say on Pay”

Union Take Over of Corporate Boards

 

So-called “say on pay” or “proxy access” which propose to mandate a nonbinding shareholder vote on proxy access and other corporate governance issues for all companies in which the Treasury Department buys a direct stake in certain assets. 

 

OUT

Affordable Housing Slush Fund (ACORN Fund)

 

Included a giveaway that would force taxpayers to bankroll a slush fund for ACORN – an organization fraught with controversy for, among other scandals, its fraudulent voter registration activities on behalf of Democratic candidates. 

 

OUT

Bankruptcy “Cramdown” (aka, trial bar give-away)

 

Included so-called “cramdown” provisions allowing bankruptcy judges to reduce mortgage principal under the guise of helping those at risk of foreclosure.  If enacted into law, the provision would be a bonanza for trial lawyers and undercut the effectiveness of any economic recovery effort by making it even harder to value mortgage-backed securities.

 

OUT


          

Mark-to-Market Accounting

 

 

GAO study on the impacts of mark-to-market accounting standards and effects on the banking crisis.  Restatement of existing authority to suspend mark-to-market.

 

Equity/Warrants

 

Mandatory equity interest in all participating firms. 

Mandatory equity interests in total takeover scenario.  Proportional equity interest based on percentage of assets sold if deemed appropriate Secretary.

Tax benefits for community banks

 

 

Ability for community banks to take capital losses on GSE assets against ordinary income.

 

 

 

 

 

 

 

 

 

 

 

 

Remember, going in last Thrusday, all we had was the Democrats holding the economy hostage to a plan that would have taken the corruption that had lead to the original financial mess, saddled it on the GOP and then further used the bail out to reward their friends and extend their influence into the economy. The Frank-Dodd plan had the “cramdown provision to allow judges to modify the original terms of the mortgage contract, a slush fund for ACORN, and provisions for Union interference in Corporate governance.”  The Frank-Dodd plan was part of the Democrat game plan for a 1929 redux; Market crash, depression, big election gains and the glory days of the New Deal.

McCain, by going to Washington, rallied the House GOP and turned the tide on the Frank-Dodd plan that would have been the opening shot of the New Deal II of the incipient Obama administration. It has also stopped the “October Surprise” in its tracks and kept the GOP viable for November. McCain can still win his election. The GOP can still deny the Democrats a filibuster-proof Senate. Pelosi will still need to seek political cover from the GOP because the margin of her House majority will come from competitive seats that the GOP can plausibly threaten for 2008 and in the future.

Now, however, is the time to shed the bi-partisanship and to insure that the Democrats are held fully accountable. There’s only thirty days to make the point.  McCain and the GOP must make the following very clear:

First, this financial meltdown was the direct result of corruption. This meltdown can be traced to Fannie Mae and Freddie Mac. It was the result of purposeful Democratic inaction to protect favors to its favored constituencies and sources of campaign contributions that led to this disaster. 

Second, McCain, among others, saw this coming in 2005 and crafted oversight legislation that would have prevented this meltdown. The Democrats blocked this reform on a straight party-line vote. This corruption and McCain’s reform attempts must be made clear.

Third, this is not a failure of free-market economics. This disaster occurred because of governmental intervention into free-markets in trying to force the free market to take on loan obligations that were otherwise untenable. 

Fourth, governmental economic intervention has real costs. Governmental economic intervention is latent corruption. Governmental economic intervention will invariable lead to blatant corruption. It is this latent and blatant corruption that are hallmarks of Blue State governance that renders Blue State America as so many examples of “social service” economies that seek to tax and spend suffocating all economic growth. 

Fifth and finally, Obama was a cipher. An unproductive fifth wheel. In fact it was his uninformed remarks that blew up last Thursday’s White House summit meeting by causing the GOP members to walk out thinking, justifiably, they had been sandbagged by the Democrats. It was McCain, early Friday morning, who urged the House GOP members to get back in the game.

No, McCain wasn’t the only act in town. But, in this case he played a positive and central role in solving this issue. It was he, putting his prestige on the line that provided the key pressure at the right time. He, very literally, had a very critical role in preventing this crisis from further spinning out of control and devolving into a recession if not  a depression.

 

Polls, Polls Everywhere and Not a Drop to Drink

Posted in democratic party, economics, gop, main stream media, mccain, obama, palin, politics, republican party by Eugene Podrazik on September 28, 2008

The polls have had a very unsettling effect for we McCain partisians. But, face it. The financial meltdown with a Republican in the White House and the MSM totally pushing the Democratic version of events is going to take a toll.

Frankly, it’s a wonder it isn’t worse. And, it isn’t worse because there is a blogosphere and talk radio to counter what was the MSM monopoly on information.

Also, we have to give McCain credit for using his position and prestige to come off the campaign trail and bring the glare public scrutiny on a bail out plan that was being turned into a pork barrel vehicle for even further corruption. This scrutiny has only further heightened the public disgust with this whole sordid affair. So much so that Pelosi, though she has the votes to work without the GOP, needs strong bipartisan cover to pass any bailout plan. This in turn as given the GOP in the House the leverage to re-craft the bailout to more cleanly address the specifics of the financial meltdown with out the pork such as payout to ACORN. That leverage, with his strong anti-pork and anti-ear mark bona fides, comes from McCain’s presence in Washington last week. 

While the MSM narrative is that McCain messed up a done deal, he in fact did. By messing up the deal on the table, he created the opening for the House GOP to step up and significantly alter the bailout. McCain did not receive any immediate benefit. But, the benefit will accure over the next several weeks. Fortunately, there is time before the election for McCain’s crucial role to become manifest to the electorate.

But, McCain’s got to do the following:

First, the deal, as imperfect as it may be, must be complete by this Monday. There has to be a closure so passions can cool; which is probably the real reason for Obama’s rise in the polls. Also, once the deal is complete, McCain’s role can become more evident.

Second, blame must be pinned on the Democrats. The vice-presidential debate will be a great place to do this because of Palin’s credentials as a reformer and corruption fighter. This is no time for “reaching across the aisle.” That’s being done now in cutting the bailout deal in order to prevent plunging this country into a recession or even a depression. But, once the deal is completed, it will be time to make the guilty parties take responsibility. If for no other reason to try to prevent a repeat of this whole mess. And, to demonstrate that the melt down was not a failure of free markets but of corrupt governmental meddling in the free market.

Third, McCain must use this deal to show how he is the anti-corruption fighter. He must use his role in the bailout to show that he saw this coming as participated in legislation, in 2005, to better oversee Sallie Mae and Freddie Mac. And, how this oversight legislation failed on a straight party line vote.

The third presidential debate will be focused on economics. This will be the time to pull the rug out from under Obama by showing the campaign cash Obama collected from Sallie Mae and Freddie Mac. It will be the perfect time to demonstrate the abysmal economic stewardship, on the part of the Democrats, in their role to properly supervise Sallie Mae and Freddie Mac.

I’m Back in The (OODA) Saddle Again

Posted in democratic party, economics, gop, mccain, obama, politics, uncategorized by Eugene Podrazik on September 26, 2008

The concept of the OODA loop–observe, orient, decide, act–in the context of McCain’s performance after naming Palin as his running mate was first brought up by Michael Barone. It’s a fighter pilot concept of anticipating and thinking ahead of your opponent in an aerial dogfight. And, Obama just discovered he’d got no clue as to how to out think the old fighter pilot.

First, Fannie Mae and Freddie Mac are political creatures that have become Democrat favor machines. They generate campaign cash for Democratic candidates and favors to favored constituencies by creating a mechanism to have the private sector provide housing at below market costs.

Second, the Democrats, ever living for the glory days of the New Deal, were planning to use this financial meltdown to recreate 1929. Markets crash, depression sets in, massive Democrat victory at polls (presidential and congressional) and on to New Deal II.

In fact, the bailout deal everyone was expecting was to be rubber stamped was just a down payment on the first act of the New Deal II with pork aplenty and scheme to massively redistribute wealth by allowing judges to rewrite the terms of a failing mortgage. The Democrats were using this bailout to protect their favor machine while having the GOP shoulder the blame. (Here’s Ed Morrissey on the Democratic ACORN bailout.)

Enter McCain. He’s completely hijacked the process and is literally holding the Democratic party, and Obama in particular, hostage. All unable to leave Washington until a deal is completed. Obama a prisoner to the process until he votes yea or nay on said deal–in the glare of the publicity that McCain created Obama can no longer vote “present.”

And, there must be a deal. Anything short is going to give McCain and the GOP the bludgeon to hammer the Democrats all the way to November. With McCain in Washington, doing the peoples business, every campaign must stop. Remember, McCain, Obama and Biden are being paid to be full-time senators, not presidential candidates. Oh, Palin isn’t a senator; she can still campaign (tee hee).

But, McCain is going even further. He’s bringing all of his maverick and anti-pork bona fides to the table. There will be a deal. It will be a clean deal to address the problem at hand. It will be his deal. Anything short will again be a club McCain’s hand to beat the Democrats over the head over waste, fraud and pork barrel spending. 

McCain is so playing with Obama’s mind. He’s so inside of Obama’s OODA loop. Here’s Obama, down in Florida, diligently cramming for the debate tonight like a college student two days before the final after having spent the entire semester partying. Here’s Obama practicing his preening to “look” presidental. Here’s Obama thinking that this financial disaster going to put him on the final glide path to a smooth landing in the Oval Office.

Then, smugly flying his fighter to victory, he checks his “six” and finds the old fighter pilot locked on for a kill. All of his best laid plans upended, he’s dragged to Washington and forced to be a bystander as McCain takes the lead and solves the problem. Before someone again makes a crack about “military intelligence” being an oxymoron, they’d better look at the candidate that lived and breathed OODA as a matter of survival.

I predict a final vote in the Senate at about 3 pm EST. Then, McCain’s going to walk up to Obama, pat him on the back, say “good work–and see you in Oxford in a couple of hours.”

 

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McCain Solves the Financial Crisis

Posted in democratic party, economics, gop, mccain, obama by Eugene Podrazik on September 25, 2008

Really. It was the threat of McCain coming to town that provided the necessary incentive to cut a deal to solve the Fannie Mae meltdown. Here’s the article from Breitbart via Drudge. The last thing the Democrats needed was McCain showing leadership and showing, by contrast, what a empty suit Obama really is.

“There really isn’t much of a deadlock to break,” said Rep. Barney Frank, D-Mass, chairman of the House Financial Services Committee.

Of course there wasn’t much of a deadlock to break. Not when McCain just robbed the Democrats of an election issue. Not when McCain was going to demonstrate what leadership really is and what Obama really isn’t.

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The Taranto Principle

Posted in democratic party, gop, obama, palin, politics by Eugene Podrazik on September 25, 2008

A hat tip to the American Spectator for the term. But, the Taranto principle, fortunately has been in operation for a lot longer than this election cycle.

There has been a liberal deceit in operation for decades. It was not as apparent in the 40’s and 50’s because the political melieu was that of big government Democrats and me-too Republicans. The debate was a difference over degree and not kind.

But, two shocks hit the world of the liberal MSM. The first was the election of Reagan in 1980. This election brought a critical mass to Washington that questioned the role of government. It was no longer the debate over how much government. And, any debate that brings free market principles to the fore will by default question whether government has a role. This was a shock that resonated all the way back to the foundations of big government philosophies that had their origins in the Progressive movement of the late 19th century.

The second shock was the Republican takeover of both houses of congress in 1994. 

The MSM responded with increasingly biased coverage that became only more blatantly partisan with each election cycle. The real problem with exposing the faults of the GOP and covering over those of their liberal fellow-travelers in the Democratic party was that the Democrats are starting to pile up with a lot useless dead wood. 

Bill Clinton, by virtue of being the only Democratic president to be re-elected since FDR, is probably the most successful Democratic politician in recent memory. And, had he played his cards right could have effected a major electoral alignment to allow a generational center-left electoral coalition. But, because of lack of vetting by the MSM, his legacy was sexual scandal.

No, it not priggish victorian morals. It was an abuse of power and public trust that extended to his days as governor of Arkansas in which he used public employees on state time to procure and facilitate these base sexual liaisons. This violation of martial fidelity carried over into all aspects of Clinton’s administration with corruption everywhere. Yet, if anyone had really looked and asked around Little Rock, the moral turpitude of Clinton was manifest.

Jimmy Carter was another example. In the pre-internet, pre-talk show era, the MSM hid the real facts of a man who was a mean, but weak leader. But, he was a closet liberal; a fact that the MSM hid with a knowing wink as he was portrayed as a conservative born-again. The man as president was a disaster. Thought few remember, Carter’s administration was the one with “bracket creep,” a double digit “misery index,” the “hollow military,” the Iran hostage crisis and the Desert One debacle.

The fact remains, that the MSM, in a very Darwinian fashion systematically scrubs all of the weaker GOP candidates. Yet, by going easy on the Democrats, dead wood piles up leaving a very shallow bench. In what should be a strong Democratic year is going to be constrained by what passes for Democratic leadership.

Reid wasn’t the first to have a one vote majority in the Senate. LBJ faced similiar constraints as majority leader; but, the cut deals and got things done. Pelosi thinks that natural gas isn’t a fossil fuel. The presidential contenders are a machine hack from Chicago, a paleo-feminist who’s rise to power came from a name acquired in marriage and an ambulance chaser who, with the cooperation of the MSM, hid his “love child” while still running in the primaries.

In the spirit of enlightened self-interest, all of these pathetic examples of Democratic leadership should have been scrubbed by the MSM with the same enthusiasm as the breathless reportage on the out-of-wedlock pregnancy of a 17 year old Bristol Palin (she can’t even vote).

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Country First; McCain’s Suspended Campaign

Posted in democratic party, economics, gop, mccain, obama, politics by Eugene Podrazik on September 24, 2008

It’s very likely that McCain’s suspended campaign will be viewed as a political “stunt” or “ploy.” But, this is typical McCain who is going to put important matters ahead of the personal. And, running for president, being an optional activity, is personal. But, here’s a man who prioritizes a major crisis that could plunge our country into a depression over continuing a presidential campaign. This is a crisis, of enough proportion, to be the moral equivalent of war. War, as McCain very well knows, is never convenient. 

It will give America a chance to see the spirit of Cinniantus in action. Here’s a man, at the drop of a hat, is ready to leave his plow in the field in order to serve Rome. And, if that’s a political “stunt,” it’s time we start to see a lot more of those stunts.

And, on the other side is Obama. His political world view is that of a Chicago politician; using tax and spending policies to perpetuate a political machine. Economic policy amounts to spending public funds to reward your friends and, with taxes, punish your enemies. Foreign policy and other such crises are inconvenient distractions to be papered over by all means; only to be dealt with to the extent that the crisis situation can be exploited for further power. More forceful dealings with such crises are only to be undertaken in order to prevent that crisis from degrading your power base. 

Frankly, Obama’s absence in Washington DC is entirely in character with a man who has not clue as to how to deal with this financial meltdown. His presence will only serve to display that cluelessness.  Further, given his financial coziness with Fannie Mae and Freddie Mac, I think he doesn’t want to be anywhere near the scene of the crime. 

And, so we have the measure of both men. One, McCain, is going to wade right in; putting aside his personal agenda. And, the other, Obama, is much to busy to be inconvenienced by anything in his busy schedule on the way to his coronation.

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The Cost of Democratic Party Corruption

Posted in democratic party, economics, gop by Eugene Podrazik on September 24, 2008

Here, laid bare is the source of the Wall Street Implosion. Fannie Mae and Freddie Mac. This was a straight party line vote in which the Democratic party blocked necessary reform and oversight for these two mortgage entities that, if passed, would have prevented the Wall Street meltdown of last week. 

Nor, is the “bailout” some sort of violation of free market rules. It is a tax to pay for the corruption of Fannie Mae and Freddie Mac and their enablers in the Democratic party. And, to the extent the bailout will be larded by the Democrats for their pet projects, it will be payment on further corruption. The recent mortgage “relief” bill that included funds that will be funneled into such organizations as ACORN. 

By holding the economy hostage, by threatening a depression, the Democrats manage to saddle our country with a 700 billion tax increase. And, Obama hasn’t even walked into the Oval Office. But, this matter reflects much deeper matters of the interference of politics into the free market and the cost of crony capitalism.  

Start with the relative cost of living and the overall economic health in the blue states. Comparatively, most economic growth, economic opportunity, income potential and population growth trends towards red states. And, this trend correlates with economic policies that emphasize lower taxes and regulation. Tax and regulations policies that represent the overall governing philosophies of the Democratic party that tend to dominate in blue state versus those of the Republican party in red states.

Like stellar evolution of a young blue white start that slowly degrades to a black hole,  the blue states imitate such a life cycle in a final stage of economic paralysis. The black hole stage for a blue state is a social services economy, as noted by the current governor of New York State. Here’s a state that lurches from economic crisis to economic crisis trying to find new sources of revenue, taxes, to fill yet another budgetary shortfall. And, what can’t be taxed is regulated to the point of strangulation. Perhaps blue states should be called black hole states because of their propensity to suck up revenues, in the form of hight taxation, of whatever productivity is left with out creating any discernible economic growth.

New York state is a classic example. Here was a state, a century ago that was a powerhouse of economic growth and innovation. A state of economic power by the likes of Corning, IBM, Xerox, Kodak, Westinghouse.  Now, upstate New York is a shell of itself. Economic news in places like Rochester revolve on more lay-offs from the likes of Kodak and Xerox.

Taxes make everything expensive. Taxes drag up prices because there are always sectors of the economy, with relatively inelastic demand, that will price themselves to completely discount the cost of that tax. Once those cost are factored in, the rest of the economy adjusts, in upward price pressure. It’s no coincidence that some of the highest costs of living occur in jurisdictions that have such innovations as state and, yes, city income taxes. In jurisdictions that have sales taxes hovering at almost ten percent–like Cook County, home county of Chicago.

It is in such jurisdictions that we have building codes larded with building requirements that serve to pad union payrolls. I remember the hullabaloo with the painter’s union over going from a 4 inch brush to a roller; sprayers weren’t even on the market yet. I shake my head at how much less house, for the same amount of money, you can buy in Chicago as compared to my former home town of Houston or now in Casper. I also shake my head at the almost exponential difference in property taxes between the Chicago area and Casper.

In a bustling sun belt city, you can pick up the Sunday newspaper and find full page ads for anyone of a number of new home developments; unlike a counter-part newspaper in Rochester. Or, at least you could once.

Taxes and government spending create corruption. It is a progression that starts from an the creation of bureaucracies to run the “necessary” functions of government. A progression from monopsony functions such as national defense, roads and the post office that creates an army of parties with an interest in governmental revenues soon leads to appropriation of other functions that now become “necessary” governmental functions. Such as the responsibility of feeding your children; the school lunch program. And, rapidly the implicit bribes of a government jobs or contracts become the overt bribes of campaign contributions and, well, bribes. The ultimate bribe and payoff becomes a every accelerating accretion of more governmental programs, spending and jobs. Northern Virginia is about to move Virginia from red to blue because the predominant industry of Northern Virginia is government. An industry that creates nothing and manages to spend trillions.

It goes back to William Jennings Bryan, who campaigned on the coinage of silver for the purposes of creating inflation. Economic policies specifically tilted to benefit a specific group of the electorate contra to free market discipline. And, now, what we have is a William Jennings Bryan economy that has long abandoned the market discipline of precious metals. Or, the discipline of even having to print money. Now, the Fed create money at the stroke of a pen.

By the way, gold is almost $900 per ounce. Devaluation? Inflation? FDR had set its price at $35 per ounce.

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The Jesus Community Organizer; Pontius Pilate Governor Echo Chamber

Posted in gop, obama, palin, politics by Eugene Podrazik on September 11, 2008

Maybe the Democrats are on to a new theological revelation about the purpose for the birth of Jesus as Messiah.

But, I, your humble blogger, by virtue of vast knowledge in the areas of antiquity and theology can reveal the true purpose for the birth of Christ.

Contrary to New Testament accounts, the Democratic Party Book of Revealed Truth says otherwise. These ancient documents were discovered by digging a little deeper in the very grounds that rendered the Dead Sea Scrolls. These documents will soon be added to the Bible as yet another New Testament chapter; you can throw your old one out.

It appears that thousands of Galileans were thrown out of work from the thriving iron smelting industry by the unexpected arrival of cheap iron imports from Rome. Needless to say despair gripped Galilee. Jesus was really sent to earth to organize the despairing Galileans by revealing to them the writings of the blessed Saul Alinsky and the holy protections of the Richard M of Daley.

In a pig’s eye.

Procurator Palin, governor of Alaska, is going to crucify that machine toady community organizer from Chicago this November. 

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Thank You MSM

Posted in clinton, democratic party, edwards, gop, main stream media, obama, politics, republican party, uncategorized by Eugene Podrazik on September 5, 2008

McCain’s going to win.  All because of faulty vetting by the MSM of the Democratic party.  As much as the liberal bias of the MSM has been an undying source of frustration to the GOP, the beneficial result has been to weaken the Democrats and strenghten the GOP.  The MSM has been relentless in scrubbing the GOP of its weaker members by enthusically reporting every and any lapse by any conservative.  The net result is a contingent of GOP politicians that are really tough in a very Darwinian sense.

The other result is that the Dems have a lot of deadwood piled up in their ranks.  This is no better demonstrated by this presidential election cycle.  

First, you have “love child” Edwards.  Had McCain been Edwards shoes, the NYT would not have been so diffident in reporting this “minor” picidillo.  It would have been front page news one nanosecond after the union of sperm and ovum.  Frankly, the Dems were fortunate that Edwards didn’t catch fire. Can you imagine the problems for the Dems if that news broke at the convention and he was the nominee?  Those styrofoam pillars would have taken on a whole new meaning.  To paraphrase Dolly Parton:  “you don’t trust no southern backwoods lawyer.”

Then, there’s Hill.  Probably the strongest of the very shallow Dem bench.  But again, what did she have to offer? A lawyer from Arkansas who owes her entire career to a name she acquired through marriage.  Some feminist.

Finally, Barry.  Anyone who knows anything about Democratic machine politics in Chicago will smell another machine politician from ten miles off.  Any participation in Chicago machine politics makes you dirty automatically. All of your associates have skeletons in their closets. Rezko. Ayers. Wright.  I know.  I grew up there. I have relatives who were patronage workers.  

But, while the MSM was “vetting” Sarah Palin by trashing her 17 year-old daughter (Bristol’s not even old enough to vote), the MSM failed for decades to vet its own (face it, they’re a wholly owned Democratic party subsidiary). Leaving the Democratic party unable to field candidates any better than Love Child, Hill and Barry.

Then Barry picks Biden.  What’s Biden done?  Just gets re-elected and re-elected so he built up enough seniority to wind up as chair of the foreign relations committee.  Foreign policy experience; try peter principle.

Finally, in the spirit of enlightened self-interest, the MSM has been the their own worst enemy in promoting their liberal agenda.  Moreover, it has badly tarnished its own brand name.  The MSM is increasingly being discounted as an accurate source of news.  And, by its bias, it has stimulated the rise of alternate sources of news and information.  What was it?  Twenty-four hours before the internet demolished Dan Rather?

There is a reason that stock prices for such propaganda organs such as the NYT are sinking faster than a drowning polar bear in the globally-warmed, ice-free Arctic.  That reason is that people will pay, and pay well, for information.  As in accurate information.  But, people will not pay for propaganda; propaganda is to be handed out for free.