Willie, Mike & Maurice

  I have to admit that on a personal level I sort of like Mike Huckabee.  I really didn’t follow his career in Arkansas and I really wasn’t a supporter of his during his recent primary campaign for the Republican Presidential Nomination of 2008.  Since I didn’t know much about Huckabee I really didn’t know what he stood for, but he did espouse a flat one rate national sales tax that certain economists (79 including a Nobel Laureate) calculated would bring in and equivalent amount of revenue to the Federal Government at the rate of 23% with certain “exemptions” for poor people from paying any of it.  At that time “non-partisan” legislation was presented to both chambers of Congress under the enumeration of HR25 & S256. 

 

Also at that time I personally wrote his campaign a letter (unanswered) asking what “Constitutional” changes were going to be implemented “simultaneously” to insure that the Congress (with its insatiable appetite for spending to endear their candidacies to their electorate) from taking that “sales tax” (thank you) and then initiating another “normal” income based tax that would of course be touted as just for the “rich” on top of the sales tax (like the 16th Amendment to the Constitution was touted which authorized the “income based tax” without apportionment in 1913.  Note: The original tax return taxed 1% on income over $3,000 to $500,000 when it then moved with a 6% “surtax” on income over a half million dollars, a lot at both ends of the bracket in 1913).  I also knew that the Constitutional Amendment process was daunting and lengthy.  In truth I knew there was to be no assurance from such action by the Congress so in short I never got on the Huckabee bandwagon.  I knew in the long run we would end up with “both” tax systems stacked upon each other.

 

As a side note: Just recently as the Democrat controlled Congress is contemplating all the budget busting propositions such as Cap’N Trade, Obamacare, Nationalization of certain industries to benefit targeted constituencies, etc along with a long list of tax and mandate increases, Nancy Pelosi is now discussing in addition to all this the “stacking” of a national sales or VAT tax to boot.  Hmmm…..

 

Back in 1988 during the Democratic Primary season as it sought to select its 1988 Presidential nominee, Al Gore, a rival of Mike Dukakis, first introduced the “lax” furlough policy in the criminal justice system of Massachusetts where Dukakis was Governor.  The charge was that this policy was dangerous to the population at large.  This charge didn’t seem to resonate in the Democratic Primary, but it did in the General Election when it was disclosed that Al Gore was correct in his assessment of the furlough policy because through it in its most egregious case a convicted killer named Willie Horton, who had been sentenced to life (without chance of parole), walked away from furlough and went on to immediately twice rape, beat, pistol whip, knife, bind fiance, steal car and escape.  (I’ll score this one as Al Gore being correct in exposing the travesty of the Massachusetts “furlough” program.)  Many attribute this situation as contributing heavily to his defeat by George H.W. Bush.

 

In like manner it came to light this weekend that Governor Huckabee may have a similar albatross hanging around his neck.  Namely this concerns the murder of 4 police officers in Washington State in an “execution” style this past weekend “allegedly” by Maurice Clemons (the politically correct phrase for this is “person of interest”).  This guy is equally as bad a character as Willie Horton and while it could be argued that when he (unlike Horton) was given clemency by Huckabee he had not “yet” been found guilty of murder, which is true, but he had been declared an “habitual criminal” by the age of 18 and had been given 60 years in prison for his crimes because of this reason.  After his “Huckabee” release he was convicted for two armed robberies and incarcerated under a 10 year sentence which he was soon released from.   After extensive crime thereafter including raping a child he was arrested and a Liberal Judge in Washington State required that he post a bond that even he could afford.  It was during this “bail” period that he completed the 4 executions of the police officers.

 

The bottom line here is there would be a number of people alive today and children protected from life maring rape if Huckabee didn’t decide to give Clemons (as he said at the time of the clemency) a 2nd chance.  Wow, I hate it when I hear that officials have such warm hearts to give second chances to those like Clarence that had already a life of crime and declared a “habitual criminal.”  Truth in speaking should at least require that Huckabee call it a 24th or 25th chance (or whatever.)

 

So, like Michael Dukakis’ fate, I believe this is (or at least should be) a “deal breaker” and future considerations of Mike Huckabee as a Presidential candidate and such plans should be discarded.  I believe he has some explaining to do, but to none more appropriately than to the families of the dead police officers and the parents of the raped child (even assuming we let the numerous armed robberies slide).

 

LATE UPDATE:  To be completely fair I should mention that it has come to my attention that Huckabee did not release him from prison but “commuted” his 60 year sentence to 47 years.  Aparently in Arkansas 47 years is a term that can be considered by the Parole Board not 60 years.  Clemmons applied for release with the Parole Board and it was granted.  After his release he committed a couple more serious crimes in Arkansas for which he was arrigned, BUT the Prosecuting Attorney failed to file certain legal papers by a deadline and the courts released him on a summarial basis.  THIS IS THE REASON THAT I NEVER HAVE BELIEVED THE CLAIMS OF THOSE ON THE LEFT OF THE CRIMINAL JUSTICE ISSUES THAT THEY WOULD SUPPORT “LIFE WITHOUT CHANCE OF PAROLE” IN CAPITAL CASES as some type of solution in opposition to Capital Punishment.  I want to tell you that such a sentence in all reality does not exist (with the exception of maybe Charles Manson).  So in view of this “new” information I must say that where I may find “less” direct culpability of Huckabee than believed above, I still find that he made this all possible with the type of criminal management that has caused thousands and thousands of innocent deaths in order to avoid the very rare phenomenen of “false imprisonment” or erroneous capital punishment not to mention 2nd chances or 24 or 25th chances whatever.

 

LATER UPDATE:  12/1/2009.  Problem solved.  This guy got nailed by a cop today and we will no longer have to deal with this low life.  So there is usually a bright side of a very dark story.

November 30, 2009 | Filed Under Political Correctness, Presidential Politics | 1 Comment 

Shameless “Mainstream Media” Scandal

  I found with great amusement that Palm Beach Post published yesterday (Wednesday 9/16/2009) for the first time a so called “Breaking News” :) story and detailed the saga of a Florida International coed 20 year old Hanna Giles and 25 year old political activists James O’Keefe video sting on ACORN’s willing assistance in fraudulent house financing, counseling for tax evasion conspiracy, enable and counseling an illegal activity (prostitution) and facilitating the smuggling of illegal under age girls to be used in the sex trade business as prostitutes (sex trafficing) in numerous of their branch offices.  This is a story that is 6 or 7 days old but the mainstream media has been conspicuously absent on the story. 

 

At last the New York Times mentioned the story yesterday without any discussion or explanation of the merits of the story, but used their article as a battering ram against Conservatives ….. unbelievable.  ACORN has now been stung in 5 separate cities and as I understand it there are quite a few more feet to fall on this matter.  The initial response by ACORN was that it was “doctored” and was a vendetta and not based in reality, but today admitted (what else could they do) that this was unacceptable behavior.  I have been calling for Obama to disavow this ACORN group, but like the mainstream he remained silent until AFTER his cover was provided by ACORN itself when they issuing a self-condemnation statement.  A couple of days ago the Senate voted 83-7 to cut off ALL funding by the US Taxpayer to ACORN.  I wonder where those coward 9 other Senators were when the vote was taken?  Let’s see if Nancy follows through in the US House of Representatives and if the President signs it.

 

The thrust of the NY Times article was to complain that the “right” has been trying to draw a non-existent link between Obama and ACORN ever since the primaries.  Since the NY Times has chosen to invoke this line of attack please allow me to set the record straight.  That comment from the NY Times is a cheap attempt to disassociate Obama from ACORN and is itself a cover up such actual association.  Obama’s association with Acorn is long and deep.  Even in this last primary season, the Obama campaign paid ACORN $888,000 for campaign services.  That’s right, Obama paid a “tax exempt organization” (for those of us in the professional tax industry that would be 501-c-3 non profit corporation) in order to assist in his campaign (under the gise of voter registration and we know how fraud laden that little operation was) especially after they came out and announced support for Obama.  ANYWAY…….that is not just a single event, but he has had a long-term association with ACORN.

 

I am enclosing at the end of this post a copy of  page one (Title Page) of the N. District of Illinois Civil Case Docket in an action by ACORN against CitiBank in 1994 with Obama serving as a Page One Lawyer in the 2nd position on the listing of Lawyers representing ACORN after he joined the recently granted “class action” status of the Buycks-Roberson v. CitiBank with his own cases against CitiBank that he filed himself.  [FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000].  There are numerous other examples of continued close contact between Obama and ACORN over the years from training their employees to consulting.  [It doesn’t seem his training of their employees was a very effective endeavor.]  Not to mention that during the campaign Obama addressed ACORN in a speech (available on video for all to see) in which he promised that they (ACORN) would have a seat at the table (if he was elected President) in establishing policy for his administration.

 

For those of you new to Next Stop Lauderdale, Buycks-Roberson v. CitiBank was a landmark case against the banking industry by ACORN resulting in an “out of court” settlement that led to a chain reaction of events where the Democrats in Congress pursuaded Fannie May to re-write their loan standard downward (on the basis of “affordable housing”) and that became the first domino in the current housing crisis resulting in the subsequent current collapse of the banking industry and a national recession.  For a full white paper exposing this story and the fact that Obama is probably the single most responsible politician connected to the current financial crisis and recession go HERE.  (You can forget those protests of Obama  himself as he asserts that he “inherited” this mess from Bush).

 

I would like to conclude by saying that these two brave kids Giles & O’Keefe are indeed the Woodward & Bernstein of this current generation.  They are probably deserving of a Pulitzer Prize award for Investigative Reporting but don’t look forward to that since the vast majority of the 18 Board Members are from Liberal Mainstream Publications or Liberal Academic Institutions and these are the same crowd that selectively has chosen to ignore this story since it didn’t follow their own story line and bias.

__________________________________________________________________________

 

September 17, 2009 | Filed Under American Left, Main Stream Media, Political Correctness, Presidential Politics, The Left, Uncategorized | 3 Comments 

ACORN’s Shocking Criminal Conspiracy

  One thing I found interesting this week.  Once Again ACORN is caught with egregious conspiracy to commit a crime this time involving illegally obtaining home loan, Federal Tax Evasion counseling, condoning illegal activity and facilitating human trafficking of alien illegal minors for prostitution and conspiring to prepare fraudulent tax returns to obtain non-withheld credits based on declaration of children in illegal trafficking for “Earned Income Tax Credit” and after multiple indictments throughout the country on voter registration you hear nothing from the beloved mainstream press about the incident ……..and now get this.  The (Democratic) officials in Baltimore (the scene of the crime) decide not to investigate ACORN but to investigate the two videographers that set up the sting and recorded the incident.  Wonder if they ever investigated 60 Minutes when they did any of the hundreds of similar stings on television.  It will be interesting to see if honest people of goodwill allow this stand in Baltimore or if they are all corrupt.

I am sitting back and going to wait for those that respond to this letter by asserting wrongs of the Republicans as though anything is on the same level as Human Trafficking of minors for sexual purposes.  Also I am sure the defenders and those that are defenders by their silence see nothing wrong with this because how much less is this than the murder of innocent babies that doesn’t seem to bother them either.  Further tax evasion (not tax avoidance) doesn’t seem to be a problem because multiple leaders of the Democratic party practice the same while talking of tax fairness out of the other side of their pocket book.  The mainstream press should be ashamed and are fully complicit in this type of activity due to their continued silence in disrespect to their Constitutional responsibility and have in effect provided “safe harbor” for the evil this represents and not inadvertantly.  You say it is isolated? ………..and I laugh.  I do have to hand it to the Census Bureau who fired ACORN as a contractor for the Census in 2010 as a result of this.  I wonder who is going to defend this no matter how circuitiously the defence is postulated.

You say this wasn’t a crime, and I’ll correct you and say it was a “criminal conspiracy” and you might say where was the conspiracy and I’ll say that the person (the ACORN Accountant) that provided most (not all) of the criminal counseling offered to prepare the tax return for a discounted price (for a “new” business) which closed the criminal loop with an offer to participate and induce the crime.  This is sort of like the average run of the mill hooker/John sting where they police cannot move until there is offer to commit a crime (description of services) and a price to play.

How criminal must those be in the Administration be that hired ACORN in view of their repeated fraud and criminal indictments throughout the country over the past several voter cycles.  Everyone with an ounce of honesty knows this is a politicall pay back off. 

It is time for Obama to stand up and condemn this organization regardless of the personal cost it is to his fund raising machine if he has an ounce of integrity.  His failure to do so will link to his personal culpability since he has worked so closely with them in the past.  For goodness sakes, he has appologized for every other evil as he sees it that he didn’t personally commit since he was inagurated. …….I’m waiting.

September 13, 2009 | Filed Under Administration, Political Correctness, Presidential Politics, The Left | 1 Comment 

Government Ministry of Thought

  The White House is now asking publicly for ordinary citizens help it rain in what it calls disinformation about the Presidents healthcare program.  They have published an email address flag@whitehouse.gov for people to write to snitch on people expressing their dissatisfaction with the program.  Check out this Public Service Announcement by the White House HERE.  What has come to this country is CHANGE, but I’d prefer to retain my freedoms such as speech, thank you.  It is interesting that from the same people that made sure that George Bush wouldn’t tap the phones of overseas Jihadists calling their operatives in the USA we are getting and executive branch campaign to collect names of dissenters from the Presidents programs.

Anyone that has a bit of common sense can examine statements by the White House and Members of Congress as well as past video comments by Barry and realize that this is indeed designed to move us to a “single payer” Canadian style program ultimately.  Their claims to the contrary about the plan is in fact the real disinformation campaign. They are even lying about the language itself that is contained in that 1,000 page monstrosity.  But that is what a democracy is all about.  People have preferences.  If you are for the Canadian system and all that this may mean like Barry, then so be it.  But they should be honest about it and not so surreptitiously conniving to force something down your throat through the strategy of dying by a thousand small lashes.

This country is founded the principle of freedom of speech and political thought and it is clear that the administration is trying to crush this.  He has ordered his lieutenants to hit back twice as hard.  They were smart, they charged the opponents at the Town Hall meeting preemptively with wearing swastikas and rough house and intimidation in disrupting the meetings even though this was not so according to many police reports around these events.  This was a couple of days before they launched their own Brownshirt activity by loading the Town Halls with SEIU (Service Employees International Union) and ACORN affiliates to intimidate the old people attempting to enter the halls.  Of course those preemptive comments about the opponents would serve to permit the Administration and Democrats in Congress to say the opponents were striking back and making it up.  Too bad this time it is on tape.

Reports are that many opponents at many town meetings were told it was full while SEIU members were ushered to alternate doors for entry.  This is flat out suppression of speech.  This whole thing is becoming rather Orwellian in the manner that Obama is running this thing.  This is much like the “Black Panther” intimidation during the election that the White House got the charges dropped on after they got into office.  Let me tell you there is one hell of a storm brewing folks.

The most interesting and hypocritical thing of it all is that Barry is calling out those voices of protest as noise makers interrupting his work.  These are people that are voicing their objection to his plans.  Here you have the Organizer (scratch that) Agitator and Chief that spent his career organizing protest now using strong arm tactics to stomp it out.  But I don’t mind in the least, because I believe he is making mistakes that will lead to death (of his Administration).  I guess Rush was correct when he hoped for Obama to fail (as to his programs) even though the left media tried to distort the truth of what he actually called for.

Be sure to cancel your subscriptions to all newspapers and periodicals that are supported by the State Controlled Media and be SURE to cancel your memberships to AARP who has sold out their membership in favor of their blind acceptance of this direction.  Send the message.  Now go ahead and report this “fishy” blog post to the Government Ministry of Thought.

August 8, 2009 | Filed Under Administration, American Left, Health Care, Political Correctness, Politics, Presidential Politics, U.S. Constitution | 1 Comment 

Obama is lying about supporting increased energy production.

In order to optimize the number of votes that Obama might get he has at least stated that he is in favor of energy policies that include: Clean Coal Technologies, Safe Nuclear and Offshore Drilling of Oil.  We now see that he won’t expand any of these at all through additional production BECAUSE he plans to tax Clean Coal Technologies into bankruptcy (his words) not for pollutants but for carbon emissions which is not mitigated by Clean Coal Technologies (see my post immediately below).  We know that he will not support Safe Nuclear even though there are decades of proven and improving technology because he is claiming we need alternate technology for “storing” spent fuel first and he gets to define those standards.  Also he is not really for increasing offshore drilling because he will only allow it at the 300 mile limit where first of all there is no oil and if there were it would be prohibitively expensive to retrieve………..but he can say out loud to minimally informed adults and the willing media that he supports coal, nuclear and drilling…….what a guy.  The increase in production of energy by these means will be exactly zero and he will have a good story as to why not.  You’ve already heard his excuse right here, right now.

November 3, 2008 | Filed Under American Left, Presidential Politics | 6 Comments 

Under Our Plan Electricity Prices Will Skyrocket …. Barack Obama

 Obama told the San Francisco Chronicle in January that under his plan that the power industry would be allowed to build a coal generated power plant “if they wanted to” but that “under his plan” his “cap and trade” system would charge for the production of every unit of power for carbon emissions to the point that it would bankrupt them.  He also sated that “under his plan the cost of coal fired electricity would SKYROCKET.”  Listen for yourself HERE.  [No, It is not out of context]

     Under my plan energy cost would skyrocket audio HERE.

     I heard today the Democratic apologists saying that he (Obama) would allow the use of clean coal technology.  This is a spin (lie) that they hope will cover the issue for 2 days.  The truth is that clean coal technology deals with scrubbing the burning of coal to remove sulfur from the emissions (You remember the “acid rain” issue).  This is what clean coal technologies deal with, not Carbon).  Sulfur is a pollutant and Carbon is not.  As he specifically says in the attached tape that his comments are related to Carbon Emissions and that the Carbon Offset penalty is related to these Greenhouse Gasses, not the sulfur.

     The question of “clean coal” technology is in doubt as well.  Biden stated that maybe countries like China and Russia would use clean coal technologies, but it wouldn’t be allowed in America.  Listen to Biden yourself HERE.

     Check this AP article explaining the entire mess planed by Obama/Biden as they state in their own words “under our plan.”  HERE

November 3, 2008 | Filed Under American Left, Presidential Politics | 4 Comments 

Your Daughters in Combat

     I remember when the “Equal Rights Amendment” was first out in the early 1980’s and Alan Alda was running around promoting it by reading its very simple language implying that nothing is wrong with this benign statement.  It basically came down to this one sentence section:

Equality of rights under the law shall not be denied or abridged by the United States or by any State on account of sex.

     This was a time in history just after the discontinuation of the military draft by the United States, which was led by the anti-war (Vietnam) movement. 

     They felt that minorities were unfairly affected by the draft system since fewer of them went to college and enjoyed a college deferment and fewer yet of them had the political influence that the left claimed white America enjoyed to avoid conscription. (although it didn’t seem to help me much)  Anyway it was a political football.

     This was in the political soup soon after the Bakke decision by the Supreme Court of the US (SCOTUS) which bared “quota” systems in college admissions, referred to as “reverse discrimination.”  The case in question was related to the University of California’s policy of accepting Black (the term they used then) students into Medical School with a GPA of less than 2.5 while not accepting white students with averages that were often much higher than the 2.5.

     I realized from the Bakke case that as soon as the “Equal Rights Amendment” passed that the next time we had a shooting war of sufficient size that the “volunteer” don’t ask don’t tell army wouldn’t be adequate and that it would take one lower court level case of one draft resistor to force the conscription of women.  Of course idiots like Alan Alda went around wringing their hands sighing that such concern was ridiculous since there wasn’t a draft for men even, much less women.  What an idiot.  He didn’t have the acumen to project what every level headed person could figure out which was that the next “big one” would expose women to the draft with this amendment.  It will only take that one case to strike down any gender preferences and such strike down would carry equal weight as to job type, meaning combat.

     Do you want you daughters in Combat?  If so you want to vote for Barack Obama.  Obama has come out in favor, skipping the dicey game of the Court System (if there were an equal rights amendment) moving directly to his recommendation that the law be changed to require women to sign up for the stand-by draft like all males must do today upon turning the age 18.  Check out this news article from the Pittsburgh Post Gazette: 

Candidates differ on female draft

     Monday, October 13, 2008By Jerome L. Sherman, Pittsburgh Post-Gazette.     Even as the U.S. confronts two long wars, neither Sen. John McCain nor Sen. Barack Obama believes the country should take the politically perilous step of reviving the military draft.     But the two presidential candidates disagree on a key foundation of any future draft: Mr. Obama supports a requirement for both men and women to register with the Selective Service, while Mr. McCain doesn’t think women should have to register.

     Also, Mr. Obama would consider officially opening combat positions to women. Mr. McCain would not.

     “Women are already serving in combat [in Iraq and Afghanistan] and the current policy should be updated to reflect realities on the ground,” said Wendy Morigi, Mr. Obama’s national security spokeswoman. “Barack Obama would consult with military commanders to review the constraints that remain.”

     According to his campaign, Mr. McCain supports the current Department of Defense restrictions on women in combat units, including armor, field artillery and special forces.

     In 1980, President Jimmy Carter revived the Selective Service system, which compiles a list of nearly all men in the U.S. between 18 and 25 in case a crisis forces the government to undertake a massive expansion of the military.

     Both Congress and the Supreme Court have exempted women from registration because of the combat rules.

     For years, that position has rankled some women’s rights groups and men who face penalties for not registering — including loss of employment with the federal government — at a time when female soldiers regularly find themselves in dangerous situations in Iraq and Afghanistan, both conflicts without defined battlefields.

     Mr. McCain, a decorated former Navy pilot who spent five years as a prisoner of war in Vietnam, speaks often of how his military service has helped prepare him for the role of commander in chief and how his time as a captive in Hanoi reinforced his love of country.

     Yet he doesn’t want to see a return to mandatory service, for men or women, according to his presidential campaign.     “Sen. McCain strongly believes that an all-volunteer force is preferable to a conscripted force,” said Paul Lindsay, a spokesman for the campaign. “The tools available to recruiters have historically enabled the all-volunteer force to attract sufficient numbers of qualified recruits.”     His views are echoed by many high-ranking officers in the military, who prefer a force of motivated volunteers. But some of the same officers have also expressed concerns about the strains of more than six years of sustained combat in Afghanistan and Iraq, especially if the U.S. commitment in both countries doesn’t end in the near future.

     Mr. Obama has said repeatedly that he will draw down the U.S. military presence in Iraq if he becomes president, but he has also said he would increase the number of troops in Afghanistan, where Taliban forces have seen a resurgence in recent years.

     During a CNN/YouTube debate for Democratic presidential candidates last year, he said he doesn’t “agree” with the draft.

     But he did say women should be expected to register with the Selective Service, comparing the role of women to black soldiers and airmen who served during World War II, when the armed forces were still segregated.     “There was a time when African-Americans weren’t allowed to serve in combat,” Mr. Obama said. “And yet, when they did, not only did they perform brilliantly, but what also happened is they helped to change America, and they helped to underscore that we’re equal.     “And I think that if women are registered for service — not necessarily in combat roles, and I don’t agree with the draft — I think it will help to send a message to my two daughters that they’ve got obligations to this great country as well as boys do.”

     Elaine Donnelly, a former member of President Bill Clinton’s Commission on the Assignment of Women in the Armed Forces, dismissed Mr. Obama’s comparison of the roles of women and black soldiers, arguing that males and females, in general, aren’t equal on the battlefield.

     “There are differences between men and women where physical strength is an issue,” said Ms. Donnelly, who heads the nonpartisan Center for Military Readiness. “There are a lot of civilian feminists who are making unreasonable demands on the military.”

     Nancy Duff Campbell, co-president of the National Women’s Law Center, argues that women should have a chance to compete for any position in the armed forces.     “I hope a new president will revisit the restrictions,” she said.

October 13, 2008 | Filed Under American Left, Political Correctness, Presidential Politics | 9 Comments 

Community Reinvestment Act of 1977 (a white paper)

     The Community Reinvestment Act of 1977 (CRA) which was designed to encourage mortgage credit though all areas not just wealthy areas was passed during the Carter Administration and subsequently managed by Jack Kemp during the Reagan Administration.  It was not designed to insure credit was made available to unqualified borrowers.  It wasn’t until 1994 during the Clinton Administration that this Act of Congress became a useful tool for activist organizations like Acorn (which is facing criminal investigation in many states) and Community Organizer Lawyers like Barack Obama to leverage it to the advantage of their political and activist goals.  Janet Reno staked out the new policy of the Clinton Administration which was to be a policy of rigorous enforcement: 

“No loan is exempt, no bank is immune,” warned then-Attorney General Janet Reno. “For those who thumb their nose at us, I promise vigorous enforcement.”     

     The way the law was implemented was to deny banks the ability to grow or buy out other banks unless they were in deemed to be in “compliance” with the CRA and individual ad hoc groups were authorized and encouraged to bring legal action against the banks to enforce this action.  The lawsuits that were filed against the banks could literally bring all plans to a “standstill” on mergers or expanding their capital base.  The litigious nature of these groups caused many banks to “play ball” with them and approved very questionable loans and to concede to financial contributions in the multi-millions of dollars to organizations like Acorn to keep peace.  It was in reality a sort of a “protection” plan administered by the activist groups (especially Acorn) much like the Jesse’s Jackson’s Operation Push shakedown.  You had to pay up or they would drag you through the coals and label you as a racist.  In short the shoddy loan practices of the banks were forced upon them through this process, not corporate greed as advertised.

     In 1994 a Lawsuit against CitiBank was brought by Acorn (and soon to come association with activist Chicago lawyer named Barack Obama) in: 

Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/InsuranceDocket / Court 94 C 4094 (N.D. Ill.) FH-IL-0011 State/Territory Illinois,

and in 1995 such suit was granted “class action” status and Barack Obama joined the suit with his own clients in the following three Illinois cases he was personally representing against CitiBank and remained as a page one named attorney in the class action suit representing ACORN, et al.:

FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000.

     This case was to force CitiBank to abandon their loan policy of not making loans in risky markets and to risky borrowers.  The political pejorative for this was Red Lining.

     In 1997 CitiBank “settled” out of court after the Democrats in Congress at the behest of Acorn forced a reduction in mortgage loan standards for banks through coercion on Fannie Mae and Freddie Mac and then began “donating” large sums of money to ACORN and reversing their practice of “red lining” districts and borrowers that were not qualified for loans.  Enter James Johnson.

     James Johnson was the Chairman and CEO of Fannie Mae after previous political activity as serving as the Campaign Chairman of Walter Mondale’s failed 1984 Presidential bid.  It was during his tenure that the goals of Acorn and many activists in Congress such as Maxine Walters, Christopher Dodd and Barney Frank we’re supported by Fannie Mae by providing the ultimate backstop for Citibank’s agreement to issue what were risky loans by agreeing to guarantee those loans and in fact purchase the loans in many circumstances from CitiBank.  (We know now that  those loan guarantee and purchases resulted in the ultimate demise and conservatorship of Fannie Mae and Freddie Mac in 2008.)

     During this time (1991-1998) that Johnson was Chairman and CEO of the quasi Public organization (Fannie) he and Fannie reported that he was paid $6-7 million (wow for a quasi public corporation) but it was discovered by the Office of Federal Housing Enterprise Oversight (OFHEO) in 2004 that Fannie Mae had deferred $200 million in expenses in 1998 through the accounting techniques identical to that of Enron and WorldCom (I can say this being an accountant) to enhance the appearance of profits.  Since the current crowd of operators initiated a “bonus” program that was based on profits, millions of dollars of fraudulent bonuses were made available to Johnson, his successor Franklin Raines and Raines’ ultimate deputy Jamie Gorelick (Both Raines and Gorelick were Clinton appointees).  OFHEO also found that Johnson had misrepresented Johnson’s compensation as $6-7 million after the audit and found that it was actually $21 million (talk about Public Servants).  Johnson (along with Chris Dodd D-CT Chairman of the powerful Senate Banking Committee who originally said he didn’t know Angelo Mozilo, CEO of Countrywide Financial) received special “below market” loan approval on a private personal loan directly from Mozilo of Countrywide who was the first major domino to fall in the Sub-Prime housing market.  It was found that Mozilo had a personal list of people under his direct authority for obtaining special loan approval.  It was called his VIP list.

     It should be noted that Johnson subsequently served as Chairman of the John Kerry Vice President selection committee and was providing similar advice to Barack Obama after he secured the Democratic Presidential nomination.

     When Johnson left Fannie Mae in 1998  Franklin Raines was appointed by Bill Clinton as Chairman and CEO and took the financial scam to new heights.  He appointed as his deputy a loyalist from the Clinton Administration that had not one minute of financial education or experience Jamie Gorelick (the author of the Clinton policy of the “absolute wall of separation” between U.S. intelligence organizations which had substantial impact on the proverbial left hand not knowing what the right had is doing issue leading up to our intelligence gaffs on bin Laden and 911.  The US Government was not allowed to share intelligence information between the CIA, FBI and other intelligence gathers………….think about it and how devastating that result was.)

     With the settlement of the Class Action Lawsuit against CitiBank (the largest in the USA) and Fannie & Freddie taking all the loans you can present, banks like Citi and others based on these precedents wrote zillions in mortgages to unqualified buyers knowing that the Federal Government would “guarantee” re-payment and even purchase the loans.  Purchasing the loans became the game of the day at these quasi federal agencies since Raines had taken his remuneration package to the Board to have it tweaked to the number of loans that were written with the sweetener to obtain agreement by the Board of Directors was an offer of increase in their pay.  As a result during Raines tenure he was able to take out $90 million in bonuses and Jamie Gorelick (deputy) took out and additional $25 million.  Raines later settled out of court on a civil case for “cooking the books” but most of the settlement (about $3 million) was paid for by an insurance policy (paid for by Fannie) and a few hundred thousand dollars of other costs while allowing him to keep nearly all the $90 million.  [It is time for criminal charges to be pursued.]  You should know that Raines is today a financial consultant to the Obama campaign though after initially bragging about it they now deny it.

     The purpose of this “White Paper” is to shed light on what really was the template for the ultimate collapse of the mortgage industry in this country since thousand upon thousands of these unqualified loans were written.

     Barack Obama is still going around blaming Wall Street greed for the financial fiasco while the truth is that Wall Street bought into this program through the pressure of Freddie and Fannie when Freddie and Fannie took packages of these loans and turned them into “securities” that they could market to Wall Street.  This was all the result of a series of events of which Barack Obama played a significant role early on.  Wall Street (i.e. the investment banking community) bought into the commercial banking products because they had been pressured and they were told they were “riskless” by Franklin Raines (I heard the tape where he told the Congressional Banking Committee when asked about the degree of risk they represented he answered “riskless”).  The more they could securitize and push to the investment banking community the more cash they would have to buy more loans from the lenders and increase “bonuses,” and I should add that Obama was the second largest recipient of campaign contributions from Fannie Mae, only being topped by Christopher Dodd (Democrat-CT) Chairman of the powerful Senate Banking Committee.

      During House Financial Services Committee hearings in 2003 when the BUSH administration was becoming aware through OFHEO there were real problems with Fannie and Freddie and proposed regulatory legislation, a major row occurred in the House Committee by the minority leadership Barney Frank where he read the administration the riot act and as reported at that time by the New York Times (9-11-2003) the following statement:

Bush today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.  Significant details must still be worked out before Congress can approve a bill.  Among the groups denouncing the proposal today were the National Association of Home Builders (of course) and the Congressional Democrats who fear that tighter regulation of the companies. 

And in the direct quotable words of Barney Frank (ranking Democrat-MA on the Financial Services Committee)

“These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,”  “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” 

     Don’t you find it interesting that Barney Frank and his cohorts in the House and the Senate are blaming the Bush administration for “lack of regulation?”  It didn’t start there nor end there.  In January of 2005 the Senate introduced a bill titled “Federal Housing Enterprise Regulatory Reform Act of 2005 S. Bill 190.  This bill could well have brought the practices of Freddie and Fannie into check and regulation.  This bill had 3 Republican sponsors including John McCain and zero Democratic sponsors, but in the Senate you need 60 votes to move legislation and the Democrats made it clear (on party lines) that they would not support this legislation. [But of course the lie being told is that it was Bush, McCain and the Republicans that resisted regulation of the financial industry.  They only need to repeat this lie 29 more days to where it won’t matter so much when the truth finally comes out.     It is time for the Republicans to get with it and start to defend their conduct over the past 10 years on this issue and illustrate that it was nearly a 100% operation of the Democrats to thwart regulation which is directly opposite of what they are saying now.  There are many other instances where the administration attempted to bring these matters under control and were thwarted by the Democrats.     This financial disaster is the direct and proximate result of the bastardization of the Community Reinvestment Act by the Democrats in the 1990’s in order to extend their “social engineering” to the financial markets.     Please serve as a counter force to the largest and most sinister scam, in my opinion, that is being thrust on the American public.  Share this narrative about the “bailout” (which I supported) as a direct result of the Democratic meddling in the mortgage community and Congressional Oversight role for the past 10 years.  They would have you believe they are trying to help out Bush after his financial policies failed.  The biggest financial problem we have ever had since the Great Depression is a direct result of socially engineered housing policies of Clinton and Banking Oversight Policies of the Democrats in Congress…………..period.  The Democrats are flat out lying about this every day and it needs correction.  And I’ll tell you that any body that knows what actually went on will not want to debate this issue.

October 5, 2008 | Filed Under American Left, Economics, Fiscal Policy, Politics, Presidential Politics, The Left | 16 Comments 

The Stalinists are Lecturing the U.S.A.

  Don’t you just love it when the idiots that structured nearly every failed financial system in the world in the past century are lecturing the U.S. on economics?  Russia has pronounced that the Credit Crisis marks the end of U.S. economic domination in the World,……ouch.  Their economically expert leadership is declaring that the crisis in the United States should be taken as a sign that America’s Global Economic Leadership is drawing to a close.  The Russian President, Dimitri Medvedev (Putin’s Puppet) said concerning the credit crisis, “the times when one economy and one country dominated [sic] are gone for good.”  Not so fast Demo…….are you aware of the numbers? 

Economic Powerhouses of the World (GDP): 1)  U.S.A. $13.8 trillion,   2)  Japan $4.3 trillion,   3)  Germany $3.7 trillion,   4)  China $3.3 trillion,   5)  United Kingdom $2.8 trillion,   6)  France $2.5 trillion,   7)  Italy $2.1 trillion,   8)  Spain $1.4 trillion,   9)  Canada $1.4 trillion,   10)  Brazil $1.3 trillion,   11)  Russia $1.3 trillion.

     These numbers are expressed in U.S. dollars and based on 2007 performance and were calculated when the value of the U.S. Dollar in international exchange was valued at nearly its’ lowest.  If these same statistics were recalculated at today’s increased value of the Dollar the differentials would be substantially more dramatic.  Did you notice that the economy of Russia with a substantially greater population than the U.S.A. is less than 1/10th of the US even based on a “cheap dollar” calculation earlier this year.

     It is just during this time of economic financial crisis that the Dollar has rallied because the “markets” see that the U.S. Dollar and U.S. Treasury Bills are the safest “economic” harbor in the World, exactly the opposite of what Demo’s thesis would be even if he understood his own words.  Need I say that the U.S. Stock Market at this time is down about 22% +/- THIS YEAR depending on your index approach while the Russian Market was down 50% LAST WEEK. So even though the socialist world would have you believe the opposite, Capitalism is still the best place to be and if we had keep the “social architects” out of the legislation and regulation for “affordable housing” you would have not even seen this credit crisis gather such steam.  [You have an opportunity on November 4th to see that they (BHO and his crowd) don’t get back in office]  It was the emphasis and mandate of these social engineers that created the vacuum for the Banks to fill with their own greed as it was then handed off to the Quasi Public agencies such as Freddie and Fannie (which was financially corrupted through Clinton/Democratic cronyism) which in turn securitized them and also handed them off to the Investment Banking Community (worldwide).

     I might add that during even this past week $52 Billion in Net Private Capital left Russia with most finding it’s way to U.S. Treasuries (comparably that would be equivalent to $520 billion leaving the USA in one week).  So Demo…………you get an F on your economic acumen.  You should thank God (I know that is sort of an oxymoron for your type) that you guys can remain in power because you control most the guns.  For the complete story on this post from the New York Times “International Herald Tribune” check HERE.

October 4, 2008 | Filed Under Economics, Marxism, Politics, Presidential Politics, Russian Resurgence | Leave a Comment 

The Goods on Sarah Palin

  

Talk about a cheap effort of “thought control” by the media even it if is US Weekly.  Would you say they are in the tank for Obama? ………Oh so hip.  But talk about juxtapostion of the facts.  I think it is Michelle that has expressed disdain for the US and let me add that they claimed an “out of context” reference in her defense.  I dare you to assign any context you want to it and have it come out any different, it is just spin.  On one hand you have this lovely family (as though they represent mainstream family values) and on the other you have the nefarrious person that I am sure US Weekly has “all the goods” on.  The NY Times today is full of lies and made up journalism.  On page ONE they stated that Palin was a member of The Alaskan Independence Party that wanted Alaska to secede from the union, only one problem, the party denies that she was ever affiliated in any way.  So what, it is just…..details.   OH, by the way, I wonder how much time the NY Times spends vetting their stories.   

September 3, 2008 | Filed Under Presidential Politics | 10 Comments 

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