Category — Nancy Pelosi

Here’s must listen audio of Barack Obama discussing the Warren Court, wealth redistribution, and the civil rights movement:

In the audio, Obama says one of the “tragedies”, his words mind you, of the civil rights movement was its focus on the courts.  The courts couldn’t “break free from the essential constraints placed by the Founding Fathers in the Constitution” against redistribution of wealth.  Obama goes on to say it’s just as well though since people are less accepting of court mandated change anyway.  So how does he forsee this redistributive action taking place?  Through community organizing and forming coalitions of power that can enact it through the legislative process.

Is anybody else connecting the dots out there?  Obama’s far left-wing associations (ACORN, Ayers, and Wright), which the media insists aren’t relevant, clearly aren’t accidental.  They play a vital role in the strategy that vaulted him into power.  Now he’s in position to form a coalition with Harry Reid and Nancy Pelosi to do legislatively what the courts wouldn’t.  It’s no accident that congressional Democrats are discussing the seizure of private assets in 401Ks.  They know what Joe the Plumber knows–Obama is a Marxist.

There’s only one problem for Obama though–America is still a center, right nation.  Americans overwhelmingly reject wealth redistribution in favor of job creation and improving the overall economy by huge margins (84% to 13%).  I just hope people wake up in time to avert this disaster.

Update:  Here’s McCain on Barack the “Redistributor”.  Best line: “…He’s more interested in controlling wealth than creating it….in redistributing money instead of spreading opportunity…”

In the event, “That One” becomes president and especially if the House and Senate are veto proof, the country will see:

• Strict new gun laws enacted even though he promised he would not.
• The phrase ‘In God We Trust’ removed from all currency.
• He will back away from his pledge to Israel and leave them to the wolves of Islam.
• Hillary Clinton or Chuck Shumer named to the Supreme Court.
• Tax rates will return to their highest levels in 30 years as fewer persons pay income taxes. The capital gains tax will be at least double current levels.
• Retired Army General Wesley Clark named as Secretary of Defense. This General was fired for “integrity” issues.
• Open borders to all comers, especially those from the Middle East and South America.
• He’ll grant amnesty to all illegals now in the U.S regardless of status or even gang Members (MS-13).
• An abrupt termination to the Iraq war, the results will be tragic and the consequences to our military will be devastating.
• A massive drop in enlistments and reenlistments far worse than what occurred during Clinton’s terms.

There is nothing above that he has disavowed. On the gun issue, he has waffled so that he leaves himself free to do what he wishes.

For all of you that eschewed the formation of a third party, your position has been usurped.

Congress announced the formal conjoining, creating the “Parti de Prostituto” or in honor of all the illegals in the country, the PUTA Party. New symbols are needed to recognize the members so feel free to copy and mail them out to your elected officials.

Harry Reid and Nancy Pelosi befittingly will lead this new group as they are very experienced in such matters.

The market was down big today with the Dow down over 777 points.  However, people are missing the real point in the financial meltdown.  It’s not about where we’ve been, but where we are going.  There is plenty of blame to go around.  Sprinkle some of it on the greedy Wall Street execs who got involved in this mess to pump up their profits, options, and pay.  Put some of it on Congressmen…paging Barney Frank…who turned the issuance of mortgages into a social engineering experiment.  He and others erased traditional mortgage practices, like requiring a down payment, by having Fannie and Freddie create a market for toxic mortgages.  And then last, but certainly not least, are the buyers who thought house values never fell and that interest rates never went up.  Caveat emptor, my friends.

But all that pales in comparison to where we might be heading.  How much more capital will be wiped out before someone provides us with some leadership on this issue?  Will Barack “I can’t postpone the debate” Obama step forward to save us from a depression?  Remember, Barack said he was monitoring it very closely by phone.  I guess that wasn’t enough to get the 95 Democrats support who voted against the bill.

And don’t even get me started with Pelosi.  She lost the support of 40% of her party.  That’s staggering.  Then she has the temerity to blame the minority party because she couldn’t craft a bill that Democrats could support.  By way of comparison, 133 Republicans went against the bill, but our lying liberal media covers that up the actual closeness by saying “the majority of Democrats” voted for it.  Supposedly, Nancy, you are in-charge for a reason.  You have the levers of Congress and enough votes to pass anything you want.  Enough whining about why the minority party couldn’t bail you out.

Unfortunately, House Republicans don’t get a pass here.  If you have an alternate plan, speak up.  This isn’t the time to be sitting on your hands poking holes in everyone else’s plan.  Those are real jobs, 401Ks, and homes people are losing.  If we get double digit unemployment and Dow 5000, your principled stand against market intervention and concern over protecting the taxpayers will play just about as well Smoot-Hawley Act did in 1929.

Sadly, the two people taking a drubbing in the media also have the least blame.  Bush and McCain knew this was serious.  Both tried to bring the parties together, and were ridiculed.  Democrats blamed a lack of regulation, which was clearly an attempt to deflect their responsibility in fomenting the crisis.  The media and Democrats piled on McCain by saying he was running from the debate when he suggested that something needed to be done.  Now they’re saying he blew up the deal although he was clearly the only candidate who understood the serious nature of what we are facing.  Talk about damned if you do, damned if you don’t.  And of course, through it all, the media steadfastly refuses to examine the role that’s continuing to be played by the Freddie and Fannie CEOs in Obama’s campaign.  You just can’t make this stuff up.

Overall, Paulson’s plan wasn’t bad.  Bill Gross offered to value the toxic mortgage debt for the Treasury free of charge.  There aren’t too many people more qualified to do so.  But lower we head and where we stop nobody knows.

Update:  Here’s Pelosi right before the “bi-partisan” vote on the bill today.  Sounds like she was really trying to reach across the aisle, eh?

The last bump of this size Bush called an adjustment; that was Lehman Brothers tilting over. This is nothing more than another adjustment.
However, this one will involve a bunch of swells cutting up their credit cards, selling (if they can beat the repo man) the M3, the Lexus or the Mercedes, the plasma screen TV and every bell and whistle they couldn’t do without because “Bob had one.”
Have you ever seen a stockbroker bang nails or replace a 20-amp breaker? Life inside the “gates” is going to become amusin’.
Here’s a flash for you. The only ones that will get it in the neck are those living on next year’s income. IRA’s, 401k and pensions will take a hit but only those without diverse holdings will drop severely.
If you were flipping houses or specing condominiums, greed gotcha.

In Europe, the elite, those that can tell all how it should be, have their knickers in a wad.

Bailout failure ‘will cause US crash’

The US stock market could suffer a devastating crash with shares losing a third of their value this week if Hank Paulson’s financial bailout plan fails, US Treasury officials have warned.

The financial system could face a meltdown of 1929 proportions unless US politicians succeed in their efforts for a $700bn rescue scheme, experts added. [snip]

Well they certainly are busy telling us what to do. For good reason it seems when one looks at their markets. But, they seem to have it a bit backwards, for their markets visited the loo quickly and in earnest.

Investors fretted about contagion into Europe, where Fortis, which was part of the consortium that bought ABN Amro last year, fired its chief executive after liquidity concerns pushed shares down more than 20pc to a 14-year low. Holland’s ING and BNP Paribas are looking at buying the bank this weekend.

London investors have warned that the FTSE could suffer falls of as much as 1,000 points - a fifth of its value, if the deal falls through.

Peter Spencer, economic adviser to the Ernst & Young Item Club, said: “This is the time you have to bail people out and ask questions later. It is very difficult to see how the US banking system would survive without that.This has the potential to make 1929 look like a walk in the park.”

Of course, it’s the bloody colonials doing it again. Have we no shame! Well, this time we’ll be generous and let the Tories have the soup lines.

[snip]
Markets were anxious about Britain’s fast deteriorating economic outlook and the stability of its banking sector as B&B followed Northern Rock in being nationalised. The worries followed the fire sale of HBOS, the nation’s biggest mortgage lender to Lloyds TSB, and led to the London stock market succumb to a fresh hammering of its leading shares. [snip]

The euro also fell heavily against the dollar amid concern over the eurozone’s banking strife and the adequacy of arrangements for bank rescues in the 15-nation bloc. The euro lost as much as 1.8 per cent against the dollar, falling to levels of about $1.4340 from a US close of $1.4613 on Friday.
Tokyo’s Nikkei 225 index was down 1.3 per cent at 11,743.61, and Hong Kong’s Hang Seng Index shed 2.1 per cent to 18,286.90.
“They’re worried that another fire is starting in Europe,” said Castor Pang, an analyst at Sun Hung Kai Financial in Hong Kong.

Pelosi: Dems bear no responsibility for economic crisis

House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”

They’re all practicing stand up delivery I guess so they have work after the collapse of the country.  The Republicants are no better, both parties porked their districts to gluttony.

Well, it’s over, the piper has his hand out. And Congress is looking to the taxpayer to front the money.  John Q. Public is broke too, Nancy sowhatcha gonna do?

The fat lady ain’t gonna sing ’cause she ain’t gonna get paid either!

Democrats are worried.  Not panicked just yet, but I suspect they have some Obama buyers’ remorse.  McCain is saddled with an unpopular incumbent, a damaged party brand, a slow economy, and support for an unpopular war.  With those headwinds, Barack Obama should be up by 10 points.

But not to worry says Nancy Pelosi.  A new wave of voters not reached by traditional polling will carry the day.  I think we’ve all heard that one before.

Paul Begala says that Democrats are just too darn nice.  They need to attack more.  He even claims to have written it on his Obama contribution check.  This argument seems strangely familiar from the last campaign—something about swift boats if I recall.

Begala does prove one thing–you can always count on a Democrat to be wholly convinced of his own virtue and goodness.  Obama could claim that McCain was the spawn of Satan himself and people like Begala would still claim Democrats need to get tougher.

And speaking of swift boats, I attribute Obama’s problems to being a John Kerry clone with less experience.  Only liberals put effete liberal after effete liberal on the presidential ticket while expecting different results.

Nancy Pelosi knows everything about everything.  Her tiff with Catholic bishops over abortion is Exhibit 1.  Even after being corrected by the bishops that Church doctrine teaches life begins at conception, theologian Pelosi refuses to back down.  Today she’s Speaker of the House, tomorrow Pope.

You can argue over what this theologian or that one says all you want, but for my money, Cardinal Eagan makes it understandable for just about anybody:

“We are blessed in the 21st century with crystal-clear photographs and action films of the living realities within their pregnant mothers,” he continued. “No one with the slightest measure of integrity or honor could fail to know what these marvelous beings manifestly, clearly, and obviously are, as they smile and wave into the world outside the womb.”

Anybody who has seen an ultrasound should know that it’s a child and not a choice.  When I saw my daughter through the ultrasound, there was no doubt in my mind that I was looking at a little person and not a lifeless mass of tissue.

Pain at the pump might pay dividends for the GOP.  With gas prices hovering around $4 a gallon, obstructing offshore drilling is downright suicidal.  But Democrats would rather side with the Sierra Club than do anything constructive for US consumers.

And judging by Rasmussen’s latest poll, the public is not amused.  McCain took his first lead over Obama with more people trusting McCain on energy policy.  It seems visions of Nancy Pelosi as our planetary savior aren’t so comforting after a fill up empties your wallet.

But don’t shed tears for Nancy.  She’s got a personal energy plan.  While Republicans continue calls for Democratic action, she’s hawking books at the JFK Library.  You have to hand it to Nancy.  She’s always doing the people’s business.