|

NOTE: This is a BLOG page.
If you run off articles before reading them, please note the entire content
will likely be more pages than you want to print.
Why
should I pay so you can get drunk?
Feb.
29, 2008Beer
drinkers take note. Fergal Murray, the brewmaster for the legendary
Irish brew, Guiness, is coming to Washington, DC. Is DC having
a Bobby Flay "beer throw-down?" No. Murray
is lending his celebrity status as the world's foremost brewmaster to
aid the lobbying of Congress to make St. Patrick's Day an official
national holiday in the United States. Think
about it. A beer-drinking holiday where working class stiffs (who will
almost certainly end up stiff) can fill their oversized bellies with Guiness
or some of the hard liquor Diageo/Guiness substitute like J&B,
Smirnoff, Johnnie Walker, or Baileys.
BeerAdvocate.coma
Guiness project(who even knew such a website existed?) has
launched a cyber-petition to make March 17 a real, honest-to-goodness
beer/booze-guzzling national holiday. In the spirit of green beer, Murray
will be visiting pubs all over the nation's capitalfollowed by stops
in as many of the beer-drinking cities in America where he hopes to find
enough sober people to collect a million signatures (from 21+ year olds)
by midnight on March 16, 2008. With much fanfare, the petitions will be
delivered to Congress on Monday, March 17. I expect the petitions will
be personally delivered to the nation's top drunk, Teddy Kennedy.
And, I expect a ton of holiday-loving beer and booze drinkers will be
ecstatic over such a notion. They
can go to proposition317.com
and sign an online petition. The mouse-operated virtual pen allows you
to actually scrawl your own signature. But you have to be 21-years of
age or older to signand you should be sober enough to write..
If you're wondering
why Murray doesn't devote his efforts to making St. Patty's Day
a national holiday in the country where the Blarney Stone and Guiness
beer are national shrines, its because there are nine times as many Irish-blooded
beer drinkers here than there are in all of Ireland (plus a 100 million
more who are Irish one day a year).
Which brings
us to the reality of this scenario. Why should I have to pay so you can
get drunk on St. Patty's Day? Making St. Patrick's Day a national holiday
meansas far as the federal government goessomeone is asking
me to foot a chunk of the bill to pay some 2,483,202 civilian federal
government workers to have a day off so they can go out, drink green beer,
act like a fool and get drunk on my dime. Granted, as much as I would
love to see all of the government officesand the legislatureclosed
(since that means Congress is not creating any new laws), I don't think
I want my tax dollars used to fund a new national holiday where the taxpayers
are obligated to give close to 2.5 million bureaucrats a paid day off
so they can drink green beer and have a hangover the next day.

Primary
Shenanigans
Jan. 16, 2008Sen.
Barack Obama won against Democrats in Iowa using legal shenaniganswhich
means he didn't really honestly win. .Sen. John McCain won in New
Hampshire using legal shenaniganswhich means he didn't really honestly
win. (Sen. Hillary Clinton won in New Hampshire without
any of the anticipated Clinton shenanigans. (They would come later,
in Michigan.) An Obama supporter gave Hillary the win by
asking a question that revealed Hillary's human-side (and we didn't
think she had one.)
In Michigan, John
McCain attempted to resort to the same legal shenanigans. that gave
him his win in New Hampshire. McCain, using Democratic Sen. Joe
Lieberman [I-CT] as a shill, asked Democrats and independents in Michigan
to cross over and vote for McCain to keep former Massachusetts
governor Mitt Romney from winning the primary that would become
Romney's first win. McCain, a hawkish liberal who claims
to be a fiscal conservative from a State that, shortly more than a decade
ago, traditionally voted Republican. McCain, whose voting record
verifies his liberal bonafides, needed the crossover Democratic vote to
win in Michigan. In November,
of course, the crossover voters that would have given their State's GOP
delegates to McCain would vote for the Democratic candidate, whomever
it is. New Hampshire and Michigan would fall into the Democratic win column
on election eve. McCain, like Rudy Giuliani, is not in this
race to win. Both are designated losers. In national politics, the losers
get to keep their campaign war chests. Being a presidential nominee virtually
guarantees you get to retire as a millionaire.
The strategy that allows
a candidate to win using legal loopholes that are deliberately built into
the primary should never be allowed because it cheats every honest voter
in those States which allow it. Politics is big business. It's controlled
by big businessand by big bankers who secretly place millions of
dollars of soft money behind the candidates whose loyalty they are buying.
Our political system is designed to make the working class think they
are selecting the candidates for whom they will cast their votes in the
general election in November, but nothing could be farther from the truth.
As you can see from the $100 million war chests amassed by both Hillary
Clinton and Barack Obama, McCain-Feingold did
not stop that practice. It merely hamstrung the Republican Party in order
to give the campaign fundraising advantages to the Democrats who traditionally
do not raise as much corporate money as the GOP since the Democrats are
traditionally anti-free enterprise and pro-State control..
As the bankrollers finance
the campaigns of those they expect to win and lose(you can't pick
a winner if you don't know, beforehand, who is going to lose the contest)the
media anoints both the anticipated winner and the anticipated loser by
declaring them to be the front-runners. And, by virtue of the ability
of the media to brainwash large segments of the idiot population, they
become the front-runners. even when, like Rudy Giuliani, you only
poll around 6%.
The first anointed Democratic
front-runner was Hillary Clinton even though every honest pollster
in the United States knew that Hillary was hated by 52% of the
voting population, and that only 35% of the potential registered voters
(those who are alive and can actually be polled) said they would vote
for her. (Since 1996, over 10% of all Democratic votes nationwide have
come from dead people. They used to be called the Daley dead. Now
they're the Soros dead.) Surrogate voters, shuttled from precinct
to precinct, cast ballots in their names.
The first anointed Republican
presidential candidate was Rudy Giuliani. By what stretch of the
New York Times' vivid imagination (which they call reporting) do
they think conservative Americawhich is concerned about two issues:
illegal aliens stealing American jobs and securing this nation from terroristswould
elect the most unqualified man running as the standard-bearer of the GOP?
Giuliani was a mayor. Not just a mayor, but the liberal mayor of
a sanctuary city. Giuliani is about as popular with Republicans
as Dennis Kucinich is with Reagan Democrats. Giuliani
was the media-ordained front runner because he would be the easiest candidate
for Hillary Clinton to beat.
The second easiest Republican
for any Democrat to beat is McCainwho is now the designated
GOP front runner. (The liberal media expects you to blindly cast your
vote for the front runner. That, of course, then makes their predictions
correct.) McCain won the New Hampshire primary only because the
Stale allows crossover Democrats who would never vote for a Republican
in the general election to vote for GOP candidates in the primary. (That
guarantees that the weakest Republican gets their delegate votes for the
White House.) If you check McCain's voting record in the US Senate,
you'll find he votes more often with Teddy Kennedy [D-MA] and Hillary
Clinton [D-NY] than he does with Jim Inhofe [R-OK], Jeff
Sessions [R-AL] or when they were in the Senate. Fred Dalton Thompson
[R-TN] or Zell Miller [D-GA].
The fact that those unfair
loopholes exist is the fault of the citizens of those States who allow
political party bosses to steal their right to be represented in the political
process by not firing the State legislators who refuse to close those
loopholes. Most of the State legislatures are in control of the Democrats.
And, at county levelwhere all elections are won or lostover
65% of the voting booths are firmly in control of Democrats, so when you
hear Democrats grumbling that Republicans are stealing votes, take it
with grain of salt. Ninety percent of the vote theft is done by Democrats
whose tax and spend, open borders rhetoric rubs across the grain of America.
Which, of course, is why liberals like Hillary Clinton pretend
they are moderates.
In their non-binding
caucus, Iowa allows any registered voter to cast a balloteven if
they are not residents of the State. That presented Obama with
the opportunity to win Iowa. His political contacts in Illinoisand
Trinity United Church of Christbrought in busloads of college
students from the University of Illinois. Not only did those students
become his ground force in Iowa, they also became the voters who put him
over the top and gave him his Iowa win. Democrat and independent voters
who would otherwise have voted for Hillary Clinton cast their votes
in Iowa for Mike Huckabeenot because they believed the Baptist
preacher, but because they knew he was a wolf in sheep's clothing who
would lose against any Democrat who got the nomination. The only two candidates
the Democrats fear are Fred Thompson and Mitt Romney.
Again, Iowa doesn't
count except that it's the launching pad that gives traction to one person
in each party, creating the illusion that there's a visible front-runner
going into New Hampshire. If Huckabee really had star quality,
he would have won New Hampshire. He doesn't. He's a social liberal pretending
to be a conservative. Unfortunately for Huckabee, but thanks to
the Internet, his lies are easy to catchand, thanks to YouTube,
to replay over and over again. Huckabee is discovering that he
can't escape his lies. In Bible Belt South Carolina, where Huckabee
is an ordained Baptist preacher, he should be polling high double digit
numbers. He's polled 15% in New Hampshire and won 16% of the votes in
Michigan just about where he was before his miraculous Iowa win.
Hillary Clinton
entered the New Hampshire campaign trailing Barack Obama by 13
points which she converted to a statistical dead heat. But that wasn't
the reason Hillary seemed to have lost her fire. Rumors were reported
by the Boston Globe that Hillary has lost a half dozen of
her big money backers who were throwing their financial resources behind
Obama. Two of those financial supporters were close enough to the
Clintons to have slept in the Lincoln bedroom when the Clinton's
converted the White House into a fundraising bed and breakfast in 1996.
A list of Obama's top 130 fundraisersmany of whom former
Clinton fundraisersshow the paradigm shift that has been
very quietly occurring over the last month. Banks that were supporting
the Clintons that are now also supporting Obama. They include
Goldman Sachs, Morgan Stanley, Citigroup, and JP Morgan ChaseDavid
Rockefeller influenced banks. Is Rockefeller worried that Hillary
can't carry the day? Or is he just covering all the bases like JP Morgan
in 1912?
Thus far, Obama
has not tapped DLA PiperHillary Clinton's top money
source. Nor has he tapped a couple of very important sources Hillary
shares with John McCain: DLA Piper is a high technology
company with offices located throughout the Asia, Europe, the United Statesand,
most important, in the Middle East. Blank Rome LLP and Greenberg
Traurig LLP. are bankrolling both McCain and Clinton.
Blank Rome, which specializes in IRS regulations, is McCain's
primary money source. If McCain or Hillary gets elected
don't think about a simplified tax code for 4 to 8 years. Greenberg
Traurig specializes in international law. They would love to see international
court decisions incorporated into the US Code. The appointment of liberal
federal judges would be much appreciated by Greenberg Traurig, LLP.
You can pretty much predict the agenda of any incoming president by
the company's which "invest" in their candidacy. Big money donors
don't give millions of dollars because they like the candidates or believe
in their political philosophies. They give money because they expect much
more in return.
Hillary Clinton
is running scared. That's the reason when the Democratic National Committee
warned the State of Michigan they would lose their delegate votes at the
convention if they held their Democratic primary before Super Tuesday,
Hillary Clintonthe only major Democratic candidate to do
somade the decision to run anyway. Hillary, as the sole candidate,
took 54% of the vote. What that means is if Michigan's delegates are reinstated,
Hillary wins them all by default. To keep her from winning them, 50.1%
of the voters had to vote "uncommitted." Less than 46% did.
If Hillary's key money people have truly pulled the plug on her,
can we expect to see more of the circa 1996 community outreach programs
to Chinese organizations sponsored by the Clinton campaign?

Steroid
Studs...Stealing Bases
Dec. 17, 2007The
Steroid Studs. It bothered me when Baltimore Oriole outfielder
Sammy Sosa broke Roger Maris' 1961 61-home run season, and
ended up the 1998 National League season with 66 homersslamming
20 of them over the fence in one month in a seesaw battle with St. Louis
Cardinal Mark McGwire who ended the season with 70-homers. Sosa's
record bothered me only because a magic era of baseball had died. McGwuire
bothered me for another reason. Why? Because, even before the season ended
that year, people were already raising the specter that McGwire
and other MLB long ball hitters might be using anabolic steroids. I never
thought that about Sosa. Sosa, who hit his 59th homer on
September 9, 1999 could have reasonaly tied Ruth that yearor
borke it honestly. Ruth hit his 60th homer on September 30, 1927.
With 21 days in the 154-season, Sosa had time to break Ruth's
record. Sosa, to me, is the only current MLB player who could have
honestly broken Ruth's 154-game 60 home run recordhis cork-filled
bat notwithstanding.
Babe Ruth's "short
season" 60-homer record stood unbroken from 1927 until New York Yankee
Roger Maris broke it in 1961. Maris beat the Sultan-of-Swat
only because the Major League season in 1961 was 162 games8 games
longer than the 154 game season in 1927. Maris, like the Babe,
did it without the use of anabolic steroids. San Francisco Giant's Barry
Bondswho is now under a federal indictmenthit 73 long
balls in 2001. In July, 2007 Bonds hit his 756th career home run,
breaking the record set by Hank Aaronanother player who never
used anabolic steroids. Bonds is now the official home-run hitter.
His recordand those of Sosa and McGwire have something
of a 1919 Chicago Black Sox taint about them.
The battle of the Steroid
Studs built attendance at America's ball parks as a new breed of superheroalbeit
synthetic oneswas built from the illegal use of drugs like anadrol,
dianabol, durabolin, equipoise, oxandrin, and winstrol. MLB management,
pleased with the gate, heard the stories about illegal anabolic steroid
use but closed their eyes to the rumors because the new generation of
baseball superstars were good for business. McGwire, who became
known as the Babe Ruth of the 1990s, admitted to taking the steroid
Androstenedione during his record-setting year. McGwuire,
who earned the nickname"Big Mac" from his team mates, retired
from professional baseball. When Jose Canseco wrote his tell-all
book about professional baseball, he told the Congressional committee
that launched an investigation based on his accusations that steroids
were "...as acceptable in the 1980s and mid-to-late 1990s as a
cup of coffee." He urged the committee members to enact legislation
to toughen the laws on the use of anabolic steroids saying he thought
"...it would be a major mistake to let the league police itselfno
ifs, ands or buts about it. We'll be back here quicker than quick."
While Sosa has
never admitted to using steroids, nor has been found to have used them,
he was suspended for using a cork-filled bat which is against the rules
in Major League Baseball. When a bat he was using in a game splintered
and was found to be cork-filled, Sosa insisted he only used cork-filled
bats during practice, and couldn't understand how one of them got into
the game.
Conseco's tell-all
book led to a 21-month investigation that MLB Commissioner Alan H.
"Bud" Selig and the MLB club ownerswho were enjoying
the revenue from the increased gatewould just as soon the investigation
not happened. Hired to head the investigation was former Senate Majority
Leader George Mitchell [D-ME] who currently heads the global law
firm of DLA Piper. While the Mitchell Report confirmed
rampant use of performance enhancing steroids by MLB playerspresently
and pastthe 409 page report was more than a few yards short of recommending
measures to stop the practicesuch as making anabolic steroid use
by professional athletes a felony; or permanently suspending steroid users.
The Mitchell recommendations included frequent drug testsmonthly
or quarterly, and the most laughable onedisplaying posters in all
of the players' locker rooms warning players of the dangers of using human
growth hormones. Twenty-one months and 409 pages were expended to confirm
that management should already have been aware of: their players were
taking anabolic steroidsmost of which were hard to detect shortly
after usage.
What the Mitchell
Report did bring into the open were the names of several players
who had previously deniedunder oath, or to investigatorsthe
use of performance-enhancing drugs. Most of those players have passed
several drug tests. Mitchell attempted to interview 500 current
and former ball players. Only 68 of them would talk to him.
Implicated in the growing
scandal are some of MLB's brightest stars. Among them are home run king
San Francisco Giant Barry Bond, New York Yankee pitcher Roger
Clemens, Baltimore Orioles Miguel Tejada, Yankee Andy Pettittewho
claims he used human growth hormone two to four times to help recover
from an injuryand Washington National's catcher Paul Lo
Duca. After striking a deal with Mitchell as part of an agreement
with federal prosecutors, several clubhouse attendantsincluding
Kirk Radomski, a former Mets attendantadmitted distributing
steroids and human growth hormones to players. Radomski provided
documents to the Mitchell committee that included copies of checks,
mailing labels and telephone records. Among those whose names appeared
in his records were Baltimore Orioles players Larry Bigbie,
David Segui, and Adam Piatt. Piatt admitted supplying
steroids to Tejada when they were teammates in Oakland, but admitted
he had no knowledge whether or not Tejada ever used the steroids
he provided.
Trainer Brian McNamee
also struck a deal with federal prosecutors. McNamee admitted that
he supplied Roger Clemens with steroids when he was a pitcher with
the Toronto Blue Jays. He also admitted supplying Yankee pitcher
Andy Pettitte with HGH in 2002. As previously stated, most of the
players whose names appear in this article have never tested positive
for steroids in any drug test implemented since the drug-testing policy
went into affect in 2005. Most players either stopped or greatly curtailed
the use of steroids and human growth hormones when the industry imposed
mandatory testingand a 50-game suspension for the first offense.
Barry Bond had
his record-breaking 73 home runs in 2001. In 2000, he hit 49 home runs.
In 1999, he hit 34. In 2002, he hit 46 home runs, in 2003 and 2004, he
hit 45 each year. In 2005 when MLB instituted mandatory testing, Bonds
hit 5 home runs the entire season.
First year Yale Law School
student Aaron Zelinsky who wrote an op-ed piece for courant.com
believes the best way to stop the use of anabolic steroids is to tie the
players earnings to blood tests they will be required to take a regular
intervals. If at any point the player tests positive for steroid use,
they would forfeit any remaining salaryand pensionand be banned
from baseball for the rest of their lives, adding that "...drastic
times call for drastic measures." Zelinsky proposed that
the contracts signed by professional ball players be paid over 30 years,
Since even a first year law student knows you can't go back and alter
contracts already signed, his idea, while scary, won't work. In addition,
his idea can't incorporate the endorsement deals which are generally worth
far more than the players' MLB paycheck.
Zelinksky also
proposed mandated blood tests well into the retirement years of the player
so that virtually undetectable steroids would ultimately be detected by
their absence in blood samples from the elderly player, at which time,
the player is then stripped of his pension. As unique as the idea is,
it is so invasive of that retired players' privacy no court would allow
it nor would the law allow MLB to strip a man of a pension to which he
contributed. Aaron, sadly, you just flunked Law 101.
However, as much as the owners like
the increased attendance, and the manufacturers like having MLB superstars
endorse their products, stealing the the titles of the former greats isor
at least should bea crime. When you use human growth hormones or
other types of steroids that allow you to perform in a manner you could
not perform without them, you are stealing another man's sweat equity
investment in MLB that you are not entitled to.
George Herman "Babe"
Ruth hit 60 runs in a 154-game season. No other player in the history
of the game has matched that feat. He is the undefeated King of Swat.
In 1961, Yankee Roger Maris hit 61-homers, breaking the Babe's
record. But it took Maris 162 games to do it. Neither Maris
nor Ruth used performance-enhancing drugs (unless you count Ruth's
91-proof bourbon and the hangover he usually had when he arrived at the
ball park as a performance enhancing drug). Maris' title carries
an asterisk noting his season was 8-games longer than Ruth's.
But asterisks are not enough for today's
Steroid Studs. The titles they have been credited with need to
be completely erased from the record books. They didn't earn themthe
steroids they took earned them. Sports figures who cheat are not entitled
to the accolades of success, nor do they belong in any Hall of Fame. Further,
if you want to stop steroid use, don't punish the playerspunish
the owners. Don't suspend the players for using steroids. Fire the players
and suspend the franchise. Steroid use will end overnight.
But most of all, let's stop honoring
disgraced players. We need to restore the records to honest players who
earned their titles through sweat equity investment in the sport, not
from the use of performance enhancing drugs that let little Billy Batson
become Captain Marvel. The Steroid Studs don't even deserve
an asterisk.

Huckabee
favors state tuition for illegals
Nov. 28,
2007Amnesty, Illegal Immigration, the jobs drainand
using illegals to bring down the cost of labor in the United Stateswill
not only be the most important issue during the 2008 presidential campaign
for working class moderates and those on the right, it will be the only
issue. The far left believes the issue will be Iraq because social progressives
desperately want to surrender to al Qaeda. They haven't surrendered
to anyone since they threw in the towel in Vietnam. I'm not quite sure
what former Arkansas Gov. Mike Huckabee thinks the key issue will
be in 2008 since he dances so adroitly around every issue that tugs at
the heartstrings of Christian conservatives that he should be on Dancing
With the Stars. I actually find myself wondering if he's related to
Bill Clintonor worse, Hillary?
The social progressive
Baptist preacher who cleverly poses as a rock-solid conservative like
Ron Paul (who scores well with National Right to Life on everything
excepet parental notification) has fooled a lot of good people on his
song-and-dance tour thus far. Deceit must be an inherited gift in Arkansas.
Sadly, much respected WorldNetDaily's
newest scribe, Chuck Norris bought the Huckster's spiel. Huckabee
appears to have ripped off a page or two from the Clinton playbooksaying
one thing with a straight face while your history shows you actually stand
for something else. Huckabee, who joined the Bush-43 amnesty
choir early on, now claims he's against illegal immigration although,
he adds, he's not a lunatic about it.

In his "Ask
The Governor" radio program on the Arkansas Radio Network,
a caller accused Gov. Mike Huckabee of ignoring the law when it
comes to illegalsa fact that every Arkansan knows. The caller, Chris,
asked Huckabee if he had taken an oath to uphold the laws of the
United States. Huckabee said he did. "Okay then,"
Chris said, "why would you turn a blind eye to illegal immigrants
invading our country and coming in and basically breaking our laws?"
Huckabee
denied that he was not enforcing federal immigration laws, adding
that illegal aliens who try to vote or try to apply for welfare benefits
should be arrested. "If they are caught as illegal aliens,"
he replied to the caller, "I don't have a problem with sending
them back.." Huckabee told another caller that illegals
in Arkansas do not receive welfare benefitsor food stamps or health
care benefits. While Huckabee insisted that he believed illegals
who tried to vote in US elections should be arrested, he strangely favors
giving illegals drivers licenses that, under the Democratically-enacted
National Voter Registration Act of 1993 (the Motor Voter
Law) automatically registers them to vote.
Huckabee
announced his plan to give scholarships to illegal aliens in his State
address on Jan. 11, 2005 when he made it clear he was going to push through
legislation that would provide taxpayer-funded scholarships for the children
of illegals in Arkansas (HB 1525, enrolled by Joyce Elliott [D-Little
Rock]. The following day the Arkansas Democrat-Gazette reported
that Elliott was pleased "...to know we will have an ally
in the governor's office." When conservatives began taking potshots
at the governor, Huckabee compared not providing illegals with
college educations to the 1957 "Little Rock Nine"black
students who were prevented from attending the all-white Little Rock Central
High School. Huckabee defended himself by accusing his conservative
base of bigotry when he said, "We're all racists if we don't think
that we should have to give illegal aliens college scholarships, saying
nothing of the US citizens who would lose out on that same opportunity."
Like all social progressives, Huckabee missed the point. Providing
scholarships and financial assistance to the children of US taxpayers
works for all us since our children are benefiting from our sweat equity
investment in this nation. Our kids. Our taxes. Our future. What
doesn't work isOur taxes. Illegal aliens benefiting from our sweat
equity (in which they invest nothing). Open borders. Loss of sovereignty.
Mike, we gave at the office. We aren't willing to give up our sovereignty
because your major campaign contributors need cheap labor.
Huckabee,
like the rest of the social progressives (which Huckabee is even
though he's a Baptist preacher) would like us to think he believes that
illegals with drivers' licenses would never take advantage of that loophole
and illegally vote in a US electionand particularly, would never
vote a liberal into office who favors amnesty and fast-tracking illegals
to citizenship.
In 2001 Huckabee
favored Arkansas bill HB 2212 that would give drivers' licenses to illegals.
And, if Huckabeeor any other presidential candidate on either
side of the aisleclaims it never occurred to him/her that illegals
would abuse the drivers' license privilege by using it as a voter card,
then I would suggest that particular candidate is too stupidor dishonestto
be allowed to run for the highest office in the land.
Recognizing
the fact that amnesty and illegal aliens will be the sole voting issue
from center post right in 2008, Huckabee is trying hard to mitigate
six years of pro-amnesty rhetoric. When he was interviewed by ABC's Senior
Correspondent Jake Tapper, Tapper asked Huckabee
why people are so mad about illegal immigration. Huckabee said,
"Well, people are mad...because it's illegal. They're mad because
the federal government has shown just how dysfunctional it is."
Tapper
shot back: "But, weren't you enabling it?"
"The
issue that we've got to deal with," Huckabee responded,
"is that, if you have a federal government that never deals with
a secure border and then fails to do anything about dealing with [illegal]
people when they get employed, and they can get employed with false documents,
the question is, why don't you secure the border, end the sanctuary cities
and amnesty, which I would do? ...What you do is elect a president who
will fix the problem where it needs to be fixedat the border."
Mike
has that Clintonesque rhetoric down pat. His attempt to legislate amnesty
in Arkansas and give illegals voting rights suddenly becomes George
Bush's fault. Realizing he didn't get himself out of the box Tapper
stuck him in, Huckabee concluded the interview by saying,
"Now if that causes people to say, 'Well, I'm not going to vote for
him,' fine. There are plenty of candidates out there who I guess would
grind their heel in the face of a 6-year old child. Not me."
While Huckabee
now believes that securing our borders must be our top priority, and that
border security is now a national emergency, the former Arkansas governor
was part of the Bush cabal that supported amnesty for illegal as
a means of adding 20 million needed taxpayers to the tax rolluntil
Bush and his GOP cohorts realized that GOP voters and moderate
Democrats would vote them out of office if they voted for amnestyor
even for giving illegals legal status in any form. Huckabee also
now opposes sanctuary citiesbut feels its imperative to provide
healthcare and social services for the children of illegals (without verifying
their legal statusa form of sanctuary). After pushing for drivers'
licenses for illegals, he now opposes that, too. He has taken John
Kerry's title as the king of flip-flop.
Huckabee
is the perfect Arkansas chameleon, He's for or against whatever you're
for or against. He's the perfect rural state politicianbut only
if the voters don't read newspapers, watch TV or listen to the radio.
A man like that could actually get elected governor of a rural State twice.
Then, who knows...he might even run for President. Oops...he is. Lord,
I sure hope lightning doesn't strike twice. Picture the worst nightmare
in the world with a presidential race in which both the Democratic and
Republican candidates are clones of Bill Clinton.

Calderon
claims sovereignty over US soil.
Less than eight
months after replacing Vicente Fox, Mexican President Felipe
de Jesus Calderon Hinojosa has morphed into a dangerous facsimile
of Nazi despot Adolph Hitler and, sadly, President George W.
Bush is starting to look a little too much like Neville Chamberlain.
In
his televised State of the Union address to the Mexican people from the
National Palace in Mexico City on September 2, Calderon said "...Mexico
does not stop at its borders. That means wherever there is a Mexican,
there is Mexico. And, for this reason, the government action on behalf
of our countrymen is guided by principles, for the defense and protection
of their rights."
Calderon
also bragged in his speech that he created 618 thousand jobs in Mexico
since taking office in January. In point of fact, Calderon simply
held open the already swinging door between the United States and Mexico
and gave the one finger wave to American industrialists who were exporting
both factories and jobs from US cities to Mexico in order to capitalize
on cheap labor and the lack of binding arbitration laws South of the border
at the expense of the US labor pool whose sweat equity built those companies
from mom and pop operations to transnational giants.
Ignoring the
fact that the Immigration Reform and Control Act of 1986 requires
US law enforcement to go after US employers who hire illegal aliensand
to prosecute themCalderon protested the increase in raids
by Immigration Control and Enforcement [ICE] agents on US employers
hiring illegal aliens in violation of US law. Calderon said that
what Bush is doing is "...little more than a faint nod"
to his responsibility to enforce US immigration law. (Calderon
might be surprised to know that 78% of the American people agree with
that assessment. Bush is not even coming close to doing his job.)
In his speech Calderon complained that The Department of Homeland
Security was sending out notices to US employers that the Social
Security Administration was sending notices informing employers of
non-matches between employees' names and their Social Security numbers.
The employer must resolve the discrepancies with 90 days or be forced
to fire the employeeor face a $10,000 fine for knowingly employing
an illegal alien. (Author's
note: I wonder if Social Security will be sending the mismatch
list to the US government since the Bush-43 Administration is the
nation's largest employer of illegal aliens?)
Bill Clinton-appointed
US District Court Judge Maxine Chesney issued a temporary restraining
order requested by the AFL-CIO (which now represents the right of illegal
aliens to take your job), the American Civil Liberties Union and
the National Immigration Law Center (a Hispanic rights group) barring
Homeland Security from forcing employers to fire illegal aliens. The suit
argued that the letter from Homeland Security chief Michael Chertoff
to the employers was an effort to pressure business owners to fire
workers whose documents had been flagged for discrimination. The judge,
whom CNN anchor Lou Dobbs observed acted more like she was an employee
of the Mexican government than a sitting US federal judge, like many of
the judges appointed by both Clinton and former President Jimmy
Carter have trouble following the Constitution, and simply ignore
federal law when it gets in the way of their social agendas. In this case,
the law in question has been on the books for 21 years. Of course, the
entire federal government found it convenient to ignore the Immigration
Reform and Control Act of 1986 for 21 years, too.
Calderon
did not mention it in his speech that Chertoff warned that his
agency will not tolerate interference by sanctuary cities when it comes
to checking the legal status of job applicants and turning a blind eye
to hiring illegal aliens. "We are exploring our legal options,"
Chertoff told a House panel on Wed., Sept. 5, "I intend
to take as vigorous legal action as the law allows to prevent that from
happeningprevent that kind of interference. I don't know if I have
the authority to cut off Homeland Security funds [to those cities] if
I disagree [with their] policy on immigration. And, I have to say the
consequence of that might be to put the citizens at risk, you know, in
the event of a natural disaster. I don't want to put people's lives at
risk, but I do think where the law gives me the power to prevent anybody
from interfering with our activities, we will use the law to prevent that
interference." The sanctuary cities Chertoff referred to are:
Baltimore, Dallas, Denver, Miami, Minneapolis, Newark, New Haven, New
York City, San Francisco, and Washington, DC.
The Nazification
of Europe began with Hitler's argument that wherever German people
live, they live on German soil. (Sound familiar? If not, reread the first
paragraph.) Hitler positioned himself as the injured party in a
scrape with Europe over land seized from Germany at the end of World War
I.
Calderon's
speech suggestsand, in the United States, the overt action of the
National Council of La Raza, the League of United Latin American
Citizens [LULAC], the Mexican American Legal Defense and Education
Fund [MALDEF] and the Moviemiento Estudiantil Chicano de Aztlan
(the most radical of all of the Hispanic groups)that Mexico has
claimstaked all of the land Mexico ceded to the United States in the Treaty
of Guadeloupe Hidalgo, signed between the United States and Mexico
at the end of the Mexican-American War on Feb. 2, 1848. The land ceded
to the United States included all of what is now California, Nevada and
Utah and parts of what is now Arizona, Colorado, New Mexico and Wyomingor
525,000 square miles of what is now some of the most valuable real estate
in the Western United States. Simply put, Mexicoor the Hispanic
advocacy groups causing civil unrest in the southwestwants the land
back. They view the citizens of the United States, not the illegal aliens
flooding across the border in an unbroken stream, as the squatters.
On Sept. 2,
Calderon continued his televised tirade against the United States
by saying: "We strongly protest the unilateral measures taken
by the US Congress and government that have only persecuted and
exacerbated the mistreatment of Mexican undocumented workers. The insensitivity
towards those who support the US economy and society has only served as
an impetus to reinforce the battle...for their rights," adding
"where there is a Mexican, there is Mexico...Mexico does not end
at its borders."
Like Hitler
did to England, Calderon is doing to America. Calderon is
confident that even if Bush engages in media saber-rattling, the
the weak-knee sissies who control both the House and Senate will hold
the cowboy in check since the US military is not in a position to fight
another warparticularly when this one would be on the US-Mexican
border. Calderon is confident that the United States will do what
England did in 1939make even more concessions. Tough talk, Hitler
discovered from 1937 to 1939, gets tangible results. Hitler's conquest
of Europe began before the first shots were ever fired. Conquest begins
with the concessions of men afraid to call the bluff.
The eradication
of any nation's sovereignty begins with the erasing of its borders.

Record job losses
in August heighten recession fears
Sept. 10,
2007An unexpected spike in the number of Americans who were
'down-sized" (i.e., laid off or fired) in August offered one
small ray of hope to purveyors of credit in Americalower interest
rates. I guess we can thank people like Sen.
Hillary Rodham Clinton who have been diligently working in
secret places behind closed doors for her "contributory constituents"
(i.e. foreign national Chinese and Indians who contribute heavily to her
campaign in exchange for "national favors" for their countries).
Hillary's financial constituents in the Chinese and Indian communities
are paying for the Senator and her allies to outsource service sector
jobs that were created when NAFTA stripped the "factory job cupboard"
cleanand entire factories were ripped from the American landscape
and sent to the overpopulated third world whose people represent human
capital to the transnational industrialists who are searching for tomorrow's
consumers in the emerging nationsand whose "emerging"
peoples are eagerly grabbing today's jobs like they were "shopping
bargains" coming ashore like imports from the United States.
American politicians
appear unconcerned, believing those they favored with our few remaining
jobs will reciprocate by investing their new found wealth in America,
creating even more jobs here to replace the jobs politicians like Hillary
Clinton have sent to China and India as a quid pro quo for the campaign
contributions that have made her the Democratic front runner for the 2008
Democratic presidential nomination. Only, Clintonand her
buddies John Kerry, Ted Kennedy and Chuck Schumermay
have done their "job" too well. Job losses in July were a tepid
42,897 compared to those for August which hit 84,014an increase
of 49%.
Pressure on
the economy from the collapsing housing boom followed by the disintegration
of the subprime housing market virtually strangled the financial sector
in July and triggered a new backlash of middle class layoffs. The mortgage
industry responded quickly to the subprime loan debacle by closing offices
and jettisoning thousands of sales jobs. Close
to half of the job losses in August came from the financial sector. Mortgage
companies and subprime lenders who caved under intense pressure from the
federal regulators, terminated 35,752 employees as they scrambled to downsize
their operations before going belly-up as the tsunami of mortgage money
vanished overnight like the aftermath of a massive tidal wave, leaving
only destruction in its wake.
Job weakness
is obvious well beyond the housing sector. It could decimate the financial
sector before the end of the year as the credit card industrywhich
also invested heavily in the subprime boombecomes the next victim
of joblessness. As the credit card industry tightens its hatches to await
the anticipated tsunami of loan defaults, subprime credit card providerslike
the subprime mortgage lendersare preparing for the worst as subprime
investors scramble to find safe havens for their investment dollarUS
government bonds. But, that's not even safe as yields on 10-year Treasury
notes sank to 4.37%. When that crunch hits, it will impact the entire
retail industry and America will experience its first major economic recession
in almost three decades, ending for years the prosperity of the Reagan
years.
Wall Street,
which is bracing for another negative hit, desperately needs a Fed interest
rate cut to stave off a second correction in the marketwhich is
now suffering from a new case of the jitters. The Dow fell 250 points
last Friday after falling 900 points from its July 19 high of 14,000.41.
The merchant princes on Main Street also need an interest rate cut to
stimulate major ticket credit spending to stave off a recession. If they
don't get it there will be chunks of coal in a lot of holiday stockings
this Christmas.
While interest
rate cuts traditionally bolster the market almost overnight, their impact
on Main Street America will take a few months to kick in, leading one
Charles Schwab investment strategist to remark that she
wasn't "...sure a rate cut will be a quick elixir," adding
that "...it will help mitigate the broader impact of the problem
we are facing."
And that "problem"
is Wall Street fat cats transnational industrialists, bankers and
merchant princeswho manipulate the market to make the economy appear
more robust than it actually is.The transnationalists behind the rapidly
emerging New World Order have been exploiting America's human capital
by exporting their jobs. And, by manipulating the stock market, they have
succeeded in creating the illusion that the American economy is healthy.
Wall Street
has artificially inflated the value of the corporate stocks of the transnationalists
whose companies are now investing their equity in the third world. It
is those investments that make the market appear robust. While corporate
America appears healthy, the American wage earner has pretty much been
in "personal recession" since the Clinton co-presidency
signed NAFTA into law in 1993 and opened the floodgates that allowed not
only the jobs drain, but the mass exodus of factories from your backyard
to China. With the goods made in China, India and the other low wage,
overpopulated third world nations returning to the United States through
Mexico, the industrial strengthand personal wealthof this
nation is being drained by the greedy provocateurs of profit who are stealing
this nation's heritage and transferring our wealth to our enemies in Eastern
Europe and Asia.
A major correction,
that will make the Great Depression of 1929 appear like a burp after an
expensive meal is just around the corner.

Outlawing campaign
contributions will save the lives in war zones.
Aug. 2, 2007In
October, 2004 an unknown, brand new, struggling defense contractor
with no big dollar lobbyists hawking their MRAP (Mine Resistant, Ambush
Protected vehicle) to powerful Congressmen, Senators or Department of
Defense officials, parked their heavily armored MRAPcalled Cougarbetween
the two Senate office buildings on Capital Hill. South
Carolina-based Force Protection, Inc. wanted Congress to
see the safest 21st century IED resistant vehicle in the world. Congress
did not appear interested.
On that bright,
sunny October day, dozens of Congressional staffers came out of their
ivory tower to gawk at the 13-ton, desert-tan military vehicle. Staffers
climbed all over the MRAP like curious shoppers at a local shopping mall
eagerly googling a shiny new Lamborghini. Several staffers were given
rides in the safest war zone vehicle in the world. Although 315 US military
personnel had been killed by roadside IEDs, and the military was clamoring
for a mine-resistant utility vehicle, not one Congressman or Senatorfrom
either side of the aisleshowed up to look at the Cougar
or later, to inquire about it. However, when major defense contractor,
International, (Navistar) recently parked their V-hulled
MRAPMaxxProby the Capital, Congressmen and Senators
milled around the unit like dogs sniffing a freshly sprayed fire hydrant
as International officials and their lobbyists reminded
the Capital Hill crowd that International builds 160 thousand
trucks a yearnone of which, by the way, were MRAPs. And, throwing
in a dig against Force Protection, International
president Archie Massicotte, also quipped: "...and, we've
never delivered late on an order."
Today,
with the military still begging for enough MRAPs to prevent any loss of
life from IED attacks, and with the casualty toll standing at over 1,500
dead from IEDs, the US House and Senate still showed little interest in
the Cougar as recently as last fall. Not because they weren't sold
on the concept of mine-resistant vehicles, but because most of the high-priced
lobbyists who shower Congressmen and Senators with donations to their
campaign war chests and who endow their PACs, worked for major defense
contractors who didn't offer V-hulled armored vehicles. Those contractors
manufacture the existing types of armored vehicles currently used by the
military. They don't want to see those contracts canceled in favor of
the MRAPs manufactured by their competitors.
The most powerful
members of Congress will still defend their actions by insisting Force
Protection, Inc. was just too small to get a sole-source contract
when there were more capable contractors available. They're right about
one thing. Force Protection was too small. The company was
started on a virtual shoe string.
In
2002 equity investment banker Frank Kavanaugh bankrolled Madhava
Rao Mankal's floundering California speed boat company, Sonic
Jet Performance with an anemic money transfusion of $25,000. When
Mankal found Garth Barrett, the former Rhodesian military
officer was building a new type of armored, mine-resistant vehicle. The
V-hull, developed by Barrett's company, Technical Solutions,
would deflect underbody blasts away from the passenger compartment and
protect the occupants of the vehicle. In June of 2002, Kavanaugh
and Mankal took over Technical Solutions. Force
Protection, Inc. was born.
In 2002, Force
Protection, Inc. was a penny stock with dollar dreams. A year
ago, when it was a "sole source" defense contractor (meaning
it was the only company in the world creating a product the military needed
very badly), the price of Force Protection stock soared
to $30 per share. In 2004, the US Marines ordered 27 Cougars from
Force Protection. In 2005, they ordered 122 and in 2006,
79 moreat the cost of $500 thousand each. Today the stock is sitting
at around $18 and Force Protection, Inc. is no longer a
"sole source" supplier.
But in 2004,
when the Marine Corps was taking heavy IED casualties, Congressand
then Defense Secretary Donald Rumsfeldwanted the contracts
for the new generation of MRAP "spread out" among the major
defense contractors. Dealing with sole source suppliers, he said, was
a mistake.
Gen.
Michael Brogan, who heads the Marine Corp. Systems Command, disagreed,
saying using a sole source supplier with a product like the Cougar
was not a mistake. Force Protection, Incwhich had
invented a better mousetrapwas unfortunately still a pint-sized
Mickey Mouse in gallon-sized Mighty Mouse military contractor world. In
February, Force Protection won a contract to supply the
military with 125 Cougars by the end of June. They weren't
ready until the first week of July. Force Protection, now
headed by Gordon McGilton, was forced to form an alliance with
General Dynamics to keep their military business because
General Dynamics had the capability of delivering the volume
the government needed.
The
defense departmentand the Congressmen and Senators who oversee themhave
decided that the military simply can't rely on sole-source contractors,
pointing out that Force Protection was late on most of their
deliveries (even though the inspector general admitted their MRAPs delivered
as promised. Contracts to build clones of Force Protection's
MRAP have been awarded to International Military, Armor
Holdings, BAE Systems (which is also building MRAPs
for the Iraqi government), General Dynamics, Oshkosh
Trucks and Protected Vehicles. Oshkosh
partnered with military contractor Ceradyne (that produces
ceramic body armor for ground troops).
Force
Protection, which has over $1.3 billion in contracts with the
military, has them not because they are the best product (even though
they are the only battlefield tested product), but because when the military
needed an "off-the-shelf-product," Force Protection, Inc.
had the only oneand the government bought it. Today, seven defense
contractors share the MRAP pie. For Congressmen and Senators for which
negotiating who gets what inside the beltway, seven campaign contributors
are better than one.

Helen Chenoweth-Hage
dies in car crash
Oct. 3, 2006Just
received this from a close friend on Capitol Hill . Not too many years
ago Dr. Paul Teller, Deputy Director of the Republican Study Group
in the House of Representatives worked for me at the Washington Times.
In his work there he became very close to Congresswoman Helen Chenoweth
Hage working closely on her re-election efforts in 1996 and 1998.
Paul
even had the opportunity to visit with her family in Idaho a few months
before jumping ship and gong to work on the Hill. Chenoweth-Hage
was elected during the Republican Revolution of 1994 when the GOP took
over Congress.
Paul's
email this morning began: "This is a devastating loss..."
He then posted the Associated Press release "CARSON CITY, Nev.
(AP) -- Former U.S. Rep. Helen Chenoweth-Hage, who held "endangered
salmon bakes" and once accused federal agents of using black helicopter
gunships, died Monday in a car crash, her daughter said. She was 68. "Chenoweth-Hage,
whose arch-conservative, often libertarian and sometimes extreme views
made her popular with militia movements, was the passenger in a one-car
crash near Tonopah, Nev., 172 miles northwest of Las Vegas, said her daughter
Meg Chenoweth Keenan. No one else was seriously hurt, she said.
[Chenoweth-Hage] ran for Congress in 1994 against Idaho incumbent
Democrat Larry LaRocco and gained national attention when she held
"endangered salmon bakes," serving canned salmon and ridiculing the listing
of Idaho salmon as an endangered species during fundraisers.
"An
advocate of smaller government and property rights, Chenoweth-Hage
won the race and served a self-imposed three-term limit as a U.S. representative.
Chenoweth-Hage called for the disarming of federal resource agents
in 1995 after claiming that they had landed black helicopters on private
land in eastern Idaho to enforce the Endangered Species Act. The claim
drew national criticism, and she later conceded she had never personally
seen the now-infamous gunships."
America has
lost a grand lady. Helen Chenoweth-Hage will be sadly missed by those
of us who respect the Constitution of the United States and the rule of
lawand limited government.

Over 200 illegals
using one housewife's social security number
June 22,
2006Audra Schmierer realized someone else was using her
Social Security number in February, 2005 when she got a notice from the
Internal Revenue Service demanding payment of $15,813.00 in back income
taxes. Schmierer is an housewife in Dublin, California who has
not worked since the birth of her son in 2000. The taxes were due from
a job in Texassomewhere Schmierer has never lived, and from
an employer for whom she's never worked.
Schmierer
was shocked to learn from the IRS when they checked that dozens of people
were using her Social Security number200 of them to be exact. In
17 States. The federal government knew a lot of different people were
using Schmierer's Social Security for quite some time. They' knew
because the IRS computers spit out the duplicate use of Social Security
numbers whenever they happenas soon as they happen. When duplicates
occur, the Internal Revenue Service assumes its not fraud, and sends letters
to the employers notifying them of an error in the use of the offending
number. Other than fining the business owner $50 for each inaccurate number
submitted, there isn't much the IRS can do. While it is a crime to use
someone else's Social Security number, it is not the job of the IRS to
track down purveyors of false ID. It's the job of the FBIbut its
also one of those authority "gray areas" since the creation
of the Department of Homeland Security. If ID counterfeiters create
bogus identification for illegal aliens, the crime falls under the purview
of Immigration and Customs Enforcement [ICE] so usually raids on
bogus ID mills are joint FBI and ICE operations.
Schmierer
was told by the IRS that over 81 people were currently earning incomes
on her Social Security number. When she started digging, Schmierer
obtained over 200 W-2s and 1099 tax forms that contained her Social Security
number but different names. The IRS assured her that the erroneous tax
bills would be wiped out. But, they warned her, the problem was going
to continue as long as illegal aliens were able to buy bogus ID containing
her Social Security number since Social Security numbers aren't like credit
card numbers where you simply cancel the card and issue a new number.
Laborers from
Florida to Washington State were using her Social Security number to secure
employment in construction, high tech companies and fast food restaurants.
Some of those using it were men. Some were women. Information gleaned
from FBI investigations of many of them determined that the majority of
the users of Schmierer's Social Security number were illegal immigrants.
Illegals purchase phony identification from underground ID mills that
can be found in every urban center in the country. The going rate for
a bogus Social Security card, green card or driver's license is $80 to
$125. If the "customer" is Muslim the price could be higher
since the quality of the workmanship will have to be much better. Most
counterfeiters can turn out an ID package consisting of all three documents
within 30 minutes to three hours for the typical Mexican "customer."
Some of the
documents are good enough to fool a cop checking a pedestrian's ID, but
most of them aren't good enough to fool a computer if the ID is run for
warrants. Unfortunately, most of the employers who hire illegals aren't
concerned about whether or not their identification is genuineor
even if its poor quality. They simply want to cover their butts in case
an ICE agents asks to check the I-9 completed by the job applicant to
make sure they possessed a green card, a Social Security card and a drivers'
license when they applied for their job.
Around 6 a.m.
on Tuesday, June 20 FBI and ICE agents raided a two-bedroom apartment
on 16th St. NW in Washington, DC. They woke the eight Hispanic men who
were sleeping there and arrested them. Taken into custody were Eladio
Espinoza-Cuevas, 50; Andrews Angel Vasquez-Soriano, 41; Alberto
Martin Vasquez-Soriano, 40; Luis Vasquez, 33; Julio Cesar
Pacheco-Vasquez, 24; Cesar Cuevas-Mendez, 24; Luis Angel
Mendez-Hernandez, 21; and Juan Antonio Pacheco-Vasquez, 20.
Luis Vasquez faces federal charges for immigration fraud. The others
face similar charges, but will likely be deported instead of charged.
Agents found
more than 100 fake documents in the apartment. The feds also found electronic
devises used to counterfeit the documents they sold. Also found was about
$14 thousand in cash. The ring that was broken is thought to be part of
an international ID ring run by the Castorena-Ibarra familywhose
leader was just arrested in Mexico.
ICE agents said
the ring distributes their bogus IDs throughout the country, They have
ties with groups in Detroit, Baltimore and Chicago. These group has been
under surveillance by ICE since shortly after 9-11. The task force has
already arrested 195 people. All of them except one were illegal aliens.
Most of them were Mexican although Hispanics from other Central American
countries were also arrested. Over 10 thousand counterfeit documents with
a street value of more than a million dollars were seized. The federal
government prosecuted 60 illegals thus far. Some were charged with aggravated
identity theftwhich carries a minimum of 2 years in prison; others
were charged with counterfeiting fraudulent immigration documents which
carries a maximum sentence of 10 years and a fine of $250 thousand.
There is little
satisfaction for people like Audra Schmierer who have had their
Social Security numbers stolen and can expect, every two to three years,
to receive a letter from the IRS dunning them for unpaid taxes and penalties
or threatening them with jail for not filing a 1040 on income earned in
Texas, California, or somewhere else she's never been.

Greenspan warns
of bubble on "exotic" mortgages
June 21,
2005Everyone's buying a new home. Home ownership in America
is skyrocketingso are the unsustainable prices not only of new homes
but existing homes whose appraised values have likewise skyrocketed because
of the tremendous increase in home building both east and west of the
Mississippi . And
that, according to Alan Greenspan, Chairman of the Federal Reserve,
is a major part of the problem now facing the Fed and the American banking
community. The other part of the problem is centered around some of the
creative financing and exotic home loans being offered to new home buyers
and existing home owners seeking to refinance their homes to lower their
current mortgage payments.
What disturbs
Greenspan most is the explosion of interest-only home loans (for
the first year or two that help home buyers qualify for homes they could
not otherwise affordand should not be buying) and what the chairman
describes as "exotic" adjustable-rate mortgages over the last
12 months to bolster the housing market when it began to sag. Further,
unscrupulous mortgage brokers who earn an income only when they sell a
mortgage, are persuading cash-strapped home owners who "overbought"
five or ten years ago to refinance with an adjustable rate or modified
rate debt-consolidation mortgage to reduce their monthly outlay. Mortgage
brokers earn the sale by showing the home owner repayment schedules that
include all of the debts to be consolidated in the new adjustable rate
mortgage verses the new mortgage payment minus all other debt. Cash-strapped
home owners think they just discovered the pot of gold at the end of the
rainbow. It looks good on paper, but people who abuse credit cards will
suddenly find, with all their credit cards paid off, they have a lot of
available credit to abuse all over again.
Greenspan
told the Washington Times that the majority of the new home-purchase
loans today are designed to minimize initial monthly payments so the buyers
can qualify for more expensive homes than they could otherwise buy. The
loan brokers, in selling mortgages to the prospective buyer, suggest that,
in three to five years, the prospective home owners' incomes will increase
exponentially and they will be in a better position to pay the whole mortgage
payment. To
encourage them to sign, they remind them that if they decide to wait,
within three to five yearswhen they can afford the home they
are consideringwith rising prices, they won't be able to
buy that home since it will likely double in value by then.
If the mortgage
broker finds the unsuspecting buyers a mortgage that offers both a variable
interest rate and a modified principle clause, the home buyers are setting
themselves up for a foreclosure sale before they ever move into their
new home. As long as interest rates remain extremely low, the home buyer
will be relatively safe. However, if interest rates rise substantially
about the same time the exemption from paying any of the principle expires,
the homeowner is going to have a mortgage payment 30% to 50% higher than
it was when the home was purchased. On a $400 thousand to $600 thousand
home, a principle-free, adjustable rate mortgage might start as low as
$2,500 a monthand unexpectedly mushroom to $3,500 to $4,000 or more
a month with no warning. Mortgage brokers aren't concerned whether
or not you can afford the payments on your new home once the papers are
signed. They get paid for originating the loan.
"To
be sure," Greenspan admitted, "these financing
vehicles have their appropriate uses. But to the extent that some households
may be employing these instruments to purchase a home that would otherwise
be unaffordable, their use is beginning to add to the pressure in the
marketplace." Greenspan noted that the bubble in some
of the nation's hottest real estate markets is due to the drop in interest
rates and the exotic mortgage packages being offered to people who probably
cannot afford the homes they are buying. But
even more troubling to Greenspan is reversal pricing. During a
housing boom, home prices spiral upward because of the demand. Real estate
brokers know, in many markets, the homeowner's asking price is the place
where prospective purchasers begin bidding for the home. But as Greenspan
noted, when the bubble burstsand they always doreverse pricing
results when reality sinks in and demand establishes the new value of
the home.
Just as reality
caused the i-tech bubble to burst when the overpriced internet stocks
collapsed and retirement accounts vanished overnight, reverse pricing
will topple the inflated values of a ton of million dollar homes. All
that will be left of the unrealistic value of the homes will be the tax
assessments. When home sales die in any market, foreclosure rates increase
proportionatelyand Fanny Mae, Freddie Mac, or HUD
take the financial hit since they guaranteed the loans to the mortgage
banks that extended the credit. But ultimately it is the taxpayers who
discover they are paying for million dollar public housing units that
no one except the welfare crowd can afford.
Greenspan
noted that "...although we can't rule out home-price declines,
especially in some local markets, these declines, were they to occur,
likely would not have substantial macro-economic implications." That
will be of little a comfort to the middle-income couples who buy a new
$750 thousand home, live in it for a year or two, get transferred, and
discover when realtors try to sell their beautiful albatross thatin
that particular post-bubble "local" real estate market$750
thousand dollar homes are now selling for $450 thousand.
By the way,
does it seem strange to you that Greenspan noted the residential
building boom is international? It doesn't seem strange to me. He also
suggested that he is clueless why this international building boom is
taking place. Perhaps we should tell him. The residential home building
boom, fed by billions of dollars from the world's richest industrialists
who have an interest in making it appear that the world economyand
in particular the economies of the industrial nations that are losing
roughly 30% of all of their jobs to the emerging nationsis healthy
when it's not. The building boom in the emerging nationswhere affordable
shelter is desperately neededis a visible sign to the people in
the developing nations that prosperity has finally found them. In reality,
all that is really happening is that the wealthy industrialists and bankers
are simply investing in the human capital whose sweat equity will turn
the wheels of commerce for the New World Order as world government replaces
the nation-states during this, or the next, decade.

The Downing
Street Memo
Note: you are seeing
this memo unedited, in its entirety. This is the memo that Sen. John
Kerry said proved Bush knew there were no weapons of mass destruction
in Iraq. Once the actual memo made its way onto the Internet for the whole
world to see, excerpts from six other memos, written by antiwar members
of Parliament that contained only the nonsupported views of the writer
that everyone knew there were no WMD in Iraq. These noteswhich had
absolutely nothing to do with the Tony Blair meeting memowere also
referred to by the antiwar communists in Europe collectively as "the
Downing Street Memos" (in the hope that people reading them would
link them to the actual Downing Street Memo) since in those memos,
various anti-Blair members of Parliament, from 2002 to 2005, said they
knew there were no WMD in Iraq
Subj: Downing Street Memo
Date: Friday, June 17, 2005
6:10:30 AM May 01, 2005
The secret Downing Street
memo SECRET AND STRICTLY PERSONAL - UK EYES ONLY
DAVID MANNING
From: Matthew Rycroft
Date: 23 July 2002 S 195
/02
cc: Defence Secretary, Foreign
Secretary, Attorney-General, Sir Richard Wilson, John Scarlett, Francis
Richards, CDS, C, Jonathan Powell, Sally Morgan, Alastair Campbell IRAQ:
PRIME MINISTER'S MEETING, 23 JULY Copy addressees and you met the Prime
Minister on 23 July to discuss Iraq. This record is extremely sensitive.
No further copies should be made. It should be shown only to those with
a genuine need to know its contents.
John Scarlett summarised
the intelligence and latest JIC assessment. Saddam's regime was tough
and based on extreme fear. The only way to overthrow it was likely to
be by massive military action. Saddam was worried and expected an attack,
probably by air and land, but he was not convinced that it would be immediate
or overwhelming. His regime expected their neighbours to line up with
the US. Saddam knew that regular army morale was poor. Real support for
Saddam among the public was probably narrowly based.
C reported on his recent
talks in Washington. There was a perceptible shift in attitude. Military
action was now seen as inevitable. Bush wanted to remove Saddam, through
military action, justified by the conjunction of terrorism and WMD. But
the intelligence and facts were being fixed around the policy. The NSC
had no patience with the UN route, and no enthusiasm for publishing material
on the Iraqi regime's record. There was little discussion in Washington
of the aftermath after military action.
CDs said that military planners
would brief CENTCOM on 1-2 August, Rumsfeld on 3 August and Bush on 4
August. The two broad US options were:
(a) Generated Start. A slow
build-up of 250,000 US troops, a short (72 hour) air campaign, then a
move up to Baghdad from the south. Lead time of 90 days (30 days preparation
plus 60 days deployment to Kuwait).
(b) Running Start. Use forces
already in theatre (3 x 6,000), continuous air campaign, initiated by
an Iraqi casus belli. Total lead time of 60 days with the air campaign
beginning even earlier. A hazardous option. The US saw the UK (and Kuwait)
as essential, with basing in Diego Garcia and Cyprus critical for either
option. Turkey and other Gulf states were also important, but less vital.
The three main options for UK involvement were:
(i) Basing in Diego Garcia
and Cyprus, plus three SF squadrons.
(ii) As above, with maritime
and air assets in addition.
(iii) As above, plus a land
contribution of up to 40,000, perhaps with a discrete role in Northern
Iraq entering from Turkey, tying down two Iraqi divisions.
The Defence Secretary said
that the US had already begun "spikes of activity" to put pressure on
the regime. No decisions had been taken, but he thought the most likely
timing in US minds for military action to begin was January, with the
timeline beginning 30 days before the US Congressional elections.
The Foreign Secretary said
he would discuss this with Colin Powell this week. It seemed clear that
Bush had made up his mind to take military action, even if the timing
was not yet decided. But the case was thin. Saddam was not threatening
his neighbours, and his WMD capability was less than that of Libya, North
Korea or Iran. We should work up a plan for an ultimatum to Saddam to
allow back in the UN weapons inspectors. This would also help with the
legal justification for the use of force.
The Attorney-General said
that the desire for regime change was not a legal base for military action.
There were three possible legal bases: self-defence, humanitarian intervention,
or UNSC authorisation. The first and second could not be the base in this
case. Relying on UNSCR 1205 of three years ago would be difficult. The
situation might of course change.
The Prime Minister said that
it would make a big difference politically and legally if Saddam refused
to allow in the UN inspectors. Regime change and WMD were linked in the
sense that it was the regime that was producing the WMD. There were different
strategies for dealing with Libya and Iran. If the political context were
right, people would support regime change. The two key issues were whether
the military plan worked and whether we had the political strategy to
give the military plan the space to work.
On the first, CDs said that
we did not know yet if the US battleplan was workable. The military were
continuing to ask lots of questions.
For instance, what were the
consequences, if Saddam used WMD on day one, or if Baghdad did not collapse
and urban warfighting began? You said that Saddam could also use his WMD
on Kuwait. Or on Israel, added the Defence Secretary.
The Foreign Secretary thought
the US would not go ahead with a military plan unless convinced that it
was a winning strategy. On this, US and UK interests converged. But on
the political strategy, there could be US/UK differences. Despite US resistance,
we should explore discreetly the ultimatum. Saddam would continue to play
hard-ball with the UN.
John Scarlett assessed that
Saddam would allow the inspectors back in only when he thought the threat
of military action was real. The Defence Secretary said that if the Prime
Minister wanted UK military involvement, he would need to decide this
early. He cautioned that many in the US did not think it worth going down
the ultimatum route. It would be important for the Prime Minister to set
out the political context to Bush.
Conclusions:
(a) We should work on the
assumption that the UK would take part in any military action. But we
needed a fuller picture of US planning before we could take any firm decisions.
CDs should tell the US military that we were considering a range of options.
(b) The Prime Minister would
revert on the question of whether funds could be spent in preparation
for this operation.
(c) CDs would send the Prime
Minister full details of the proposed military campaign and possible UK
contributions by the end of the week.
(d) The Foreign Secretary
would send the Prime Minister the background on the UN inspectors, and
discreetly work up the ultimatum to Saddam. He would also send the Prime
Minister advice on the positions of countries in the region especially
Turkey, and of the key EU member states.
(e) John Scarlett would send
the Prime Minister a full intelligence update.
(f) We must not ignore the
legal issues: the Attorney-General would consider legal advice with FCO/MOD
legal advisers.
(I have written separately
to commission this follow-up work.)
MATTHEW RYCROFT (Rycroft
was a Downing Street foreign policy aide)

|