SUPPORT PTBC
with this PTBC site-nourishing,
national pride-inducing purchase

Liberals can buy the pin too!

---

• Members:

---

• Help us fight
the good conservative fight!

PTBC totally relies on YOUR cash contributions.

---

• About PTBC

First: It's a question.

Other than that: A true conservative site that helps explain the difference between liberals and conservatives. We're:
Pro-life. Pro-freedom. Pro-USA. Pro-Christian. Pro-Israel. Pro-family. Pro-traditional marriage. Pro-free market capitalism. Pro-war-on-terror and war on Islamofascism and terror in Iraq and everywhere else. Pro-military. We're for smaller governments. For less taxes. Against socialism. Against state-owned or state-run media. Against asinine state controls on our legal gun ownership. Against the so-called "progressive", left-wing church of liberalism. Against idiocy generally. ...Read more...

---

• Worst Canadians

• An apparently typical state-owned CBC fan, on news of the death of a Canadian soldier in Afghanistan:
"THIS IS WHAT YOU DESERVE"
(Also see PTBC's CBC reader comments of hate category).

• As taxpayers bail out the auto companies in Canada, the head of the auto workers' union in Canada, Ken Lewenza, blames Canada's "right wing" (that's me) and "corporate agenda" (arguably also me) for the global financial collapse, in what I call (A) an outright lie, (B) yet another declaration of class warfare in Canada by the extreme left, and (C) overall abject stupidity. He also (D) sounds like a communist. Reference.

---

---

• Search PTBC

Advanced Search

• CBC -related blog entries
• CBC reader comments of hate

---

• Syndicate

• Blackberries, mobiles etc.:
  http://ptbc.mobi/
• RSS 2.0
• Atom

      ProudToBeCanadian

Your right.

PTBC J-Log

A conservative OPINION blog --with bite. OPINION by Joel Johannesen.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Sunday, December 20, 2009

GOVERNMENT wrecked the economy: Peter Schiff was right all along, Ron Paul too. Thomas Sowell too

You want some economic and political perspective today?  Watch these three videos when you can (now added as “Favorites” to the PTBC YouTube Channel —now with over 600 subscribers!). 

See if you can’t see where actual conservatives like me — and most of the thousands of folks who visit this web site daily — are coming from.  People who, like me, resented George W. Bush and other Republicans (and in Canada, the Conservative Party), for acting like fiscal liberals or “progressives”, not conservatives, with their reckless borrowing and spending and meddling in the economy and free markets and social engineering through monetary policy, and so on.

See if you can spot the seeds of the massive movement (and one of the most positive in history, as far as I’m concerned) called the “tea party” movement and the popularity of folks like Sarah Palin and Glenn Beck and several others who were early critics of government spending and borrowing under either Republican or Democratic rule (or the Conservatives or Liberals in Canada).  And why liberals and other “progressives” such as socialists and communists and their media —hate that tea party movement and the people who are positive about it —and hate it not just passively but with a vengeance I’ve rarely seen in politics or in mainstream pop culture before. 

Liberals and other “progressives” in politics and the media constantly try to cover up the popularity and success of that movement, or obfuscate it or insult it, or in the case of the likes of Sarah Palin of Glenn Beck and others, they attempt to character-assassinate them and their families and their careers —with an unfettered, sputtering rage and a hideous display of abject hate.  It’s clearly because those champions of conservatism are wrecking all the plans of the “progressives” —wherever they come from. 

See if you can’t understand why when asked by one of the most important pollsters who Americans would vote for, more said “The Tea Party” (if it actually existed as a political party), than the Republican Party.  And why I’m sure the Conservatives Party of Canada would suffer a similar polling fate.  I’m sure it’s why the Conservative Party of Canada fails to really tilt the scales in their favor at election time. Taken together, the “Tea Party” and the Republican Party would slaughter the Democratic Party in an election today.  But divided, as they are, they’d get pummeled by the Dems.

Tea Party Tops GOP on Three-Way Generic Ballot

...In a three-way Generic Ballot test, the latest Rasmussen Reports national telephone survey finds Democrats attracting 36% of the vote. The Tea Party candidate picks up 23%, and Republicans finish third at 18%. Another 22% are undecided.

Among voters not affiliated with either major party, the Tea Party comes out on top. Thirty-three percent (33%) prefer the Tea Party candidate, and 30% are undecided. Twenty-five percent (25%) would vote for a Democrat, and just 12% prefer the GOP.

Among Republican voters, 39% say they’d vote for the GOP candidate, but 33% favor the Tea Party option. 

 

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Wednesday, June 24, 2009

Frank and Weiner kick Americans in the buns (or is that Fannies?) — again.

My YouTube video which helps explain that the financial crisis was caused largely by that left-wing wiener, Barney Frank (Democrat) and many other like-minded liberal government meddlers into free enterprise (like Chris Dodd, Democrat), who think they know what they’re doing but actually know diddly, is reaching the five million viewer mark.  Hot dog! 

But today in an editorial the Wall Street Journal discusses what that wiener Barney Frank and a cohort of his is up to, which seems to be more of the same social engineering and meddling that got us into this mess.  His bun-mate is named, and I’m serious, Anthony Weiner (Democrat, New York). 

Strangely, the Wall Street Journal mocks Frank as if he’s a professional mortgage “underwriter” instead of a big fat left-wing “wiener”, which is the direction I’d have gone in.

Barney the Underwriter
Telling Fannie Mae to take more credit risk. Now there’s an idea.

Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to “roll the dice” in the name of affordable housing. That didn’t turn out so well, but Mr. Frank has since only accumulated more power. And now he is returning to the scene of the calamity—with your money. He and New York Representative Anthony Weiner have sent a letter to the heads of Fannie and Freddie exhorting them to lower lending standards for condo buyers.

You read that right. After two years of telling us how lax lending standards drove up the market and led to loans that should never have been made, Mr. Frank wants Fannie and Freddie to take more risk in condo developments with high percentages of unsold units, high delinquency rates or high concentrations of ownership within the development.

Fannie and Freddie have restricted loans to condo buyers in these situations because they represent a red flag that the developments—many of which were planned and built at the height of the housing bubble—may face financial trouble down the road. But never mind all that. Messrs. Frank and Weiner think, in all their wisdom and years of experience underwriting mortgages, that the new rules “may be too onerous.”

... The last thing they need is lawmakers like Mr. Frank, who did so much to lay the groundwork for their collapse, telling them to play faster and looser with their lending standards. ...

ALSO SEE THIS VIDEO:
http://www.youtube.com/watch?v=_MGT_cSi7Rs

AND THIS JUNE 22 CNBC BUSINESS REVIEW
OF THE FRANK/WEINER WIENER IDIOCY

UPDATE:
Drudge Report is on it too, applying the same sentiment as me….

...as is Neil Cavuto on FNC…

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Thursday, March 19, 2009

VIDEO: More on the Chris Dodd/Obama/Geithner/Democratic Party and liberal media farce

I told you yesterday about Democrat Senator Chris Dodd and how he—and the Obama White House, it’s becoming clear—are actually the people responsible for AIG and the all other companies getting those huge executive bonuses.  They made this happen.  And now, as we have seen, they are feigning absolute outrage over it, as if they had nothing to do with it.  It’s a absolute scam, as I see it. 

The public outrage should be directed exclusively at Obama and his Democratic Party-led Congress.  Once again: Barney Frank, Chris Dodd, and other key Democrats like Nancy Pelosi and Harry Reid. 

Here’s a good encapsulation from Fox News Channel’s Shepard Smith (no Republican, he).

I also mentioned how Democrat Chris Dodd was the largest recipient of AIG campaign cash (at $103,000), and Barack Hussein Obama was the second largest recipient of AIG campaign cash (at $101,000). 

You can’t find this information in the media unless you look very hard for it. 

I think this is a scandal of immense proportion. I mean both the Dodd/Obama/Democratic Party coverup, and the news media coverup. 

Also see my now famous YouTube video (viewed 3.3 MILLION times now):
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Thursday, October 23, 2008

Special to PTBC: Orson Scott Card’s “Would the Last Honest Reporter Please Turn On the Lights?”

I asked Orson Scott Card for his permission to post his article, “Would the Last Honest Reporter Please Turn On the Lights?” here at PTBC, and he granted us that permission.  I’ll be featuring it and referring to it often. 

It’s a tough article—tough on the media. 

It’s one of the best pieces I’ve read about the financial “meltdown”, as it’s become known, because it reveals the truth not just about the roots of the crisis, but about the corruption of the media and their lies about it.  It’s about Fannie Mae and Freddy Mac and those who were among the biggest recipients of campaign cash from them (subtle hint: Barack Obama).  It’s about Democrats and various other liberals in Congress—Nancy Pelosi, Chris Dodd, and others— who perpetrated the mess starting from the Clinton administration.  And moreover it’s about the liberal media which has in effect lied through omission of reporting, at least reporting honestly.  And how they’re deceptively laying blame on Bush and McCain and Republicans generally. 

And it pleads with them to stop.  Stop lying.

And it’s about the media and their, well, incessant, pathological anti-Sarah Palin, anti-conservative coverage.  In it, he calls it like it is:  the media are liars.  They’re corrupt. 

Coincidentally, I’m writing a feature length article of my own on what I’m calling a corrupt media.  I’ll post it soon. 

Orson Scott Card is of course a famous and decorated author, but interestingly (considering this article), a registered Democrat—a liberal on most political issues—so this article should possess some extra heft—beyond what you’d afford my daily rants on what I repeatedly refer to as the lies and corruption of the liberal media.

Read it and make comments here in this blog entry about it.

And be sure to see other entries in my Category: The liberal-left ruining the free-market, capitalist economy

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Saturday, October 18, 2008

Good read:  “Another ‘Deregulation’ Myth”

File this under “The liberal-left ruining the free-market, capitalist economy, and then blaming the capitalist system and Republicans and “deregulation” for the mess they themselves created through their meddling in the free-market system and their incessant efforts at social engineering.”     Or just “Get real”. 

From the Wall Street Journal today:

Another ‘Deregulation’ Myth

A cautionary tale about financial rules that failed.

As we’ve documented the myriad ways that Washington encouraged the housing bubble, the media and Democrats continue to search for evidence to blame it all on “deregulation.”

One alleged perpetrator, the Gramm-Leach-Bliley Act, was released without charges after the record revealed that Joe Biden voted for it and Bill Clinton signed it. More to the point, investment banks were already free, prior to the 1999 law, to invest in the same assets that have wreaked such havoc today.

Barack Obama nonetheless attacks President Bush’s policies to “strip away regulation,” without mentioning a single example. In an attempt to fill out Mr. Obama’s talking points, the press corps has now fingered a 2004 change in SEC net capital rules. In fact, then-SEC Chairman William Donaldson’s reform was anything but deregulation. A regulatory failure, yes, and a cautionary tale for those who think new regulation will solve everything.

The 2004 change won unanimous approval from SEC commissioners and Democrat Annette Nazareth, who ran the market regulation division at the time. Rather than deregulation, it was a breathtaking regulatory leap for an agency that had traditionally focused on protecting individual investors…

I categorized this under my site’s category, which I like to think is the blogosphere’s longest category name, “The liberal-left ruining the free-market, capitalist economy”. 

.

 

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Tuesday, October 07, 2008

MUST SEE VIDEO: “Burning Down the House: What Caused Our Economic Crisis?”—video remix now up

The Burning Down the House video is back again, and has now been viewed in its multiple reincarnations millions of times.  YouTube keeps yanking it for some strange reason. 

Clue:  It accurately describes how liberals and Democrats—and their incessant meddling in the free market economy and their incessant social engineering efforts—are behind the current financial crisis.

ALSO SEE this similar video.

.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

NBC yanks SNL skit critical of Democrats and their creation of the current financial crisis

NBC offers no explanation.  Meanwhile, internet users all over America have re-posted it using YouTube, and like me, have it stored on their computers in Windows Media format. 

See my blog entry from yesterday.  I’ve posted it there.

While it mocks Bush as a man whose mental capacity is below that of a baboon, as usual (they’re “artists”, so it’s in their DNA apparently), it casts Democrats and their liberal friends and billionaire sugar daddies like George Soros as the perpetrators of the financial crisis. 

So it’s spot on in that regard. 

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Monday, October 06, 2008

Ann Coulter calls for trials for liberal Democrats Barney Frank, Chris Dodd

CBC won’t show a clip from this show, I don’t think.

Palin—and in fact no Republicans were bashed.  Ipso facto, it doesn’t pass CBC “news” muster, you know, the way Palin-bashing Saturday Night Live clips taken from NBC do.

.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Friday, October 03, 2008

WEENY ROAST!

Borrowing from my own reader comment written last night, in which I was all about the “weeny roast” for reasons that can only be explained by the fact that I was talking about U.S. liberal ass, Barney Frank: 

WEENY ROAST!

While waiting for the U.S. debate to start, I watched Bill O’Reilly totally fry that butt roast liberal Democrat Barnie Frank (he is a wiener, and he likes wieners), and then basically go to commercial in the middle of Frank tossing spittle all over the Fox News camera.

WELL DONE.

That’s my kind of television.  Host stands up to totally moronic guff from weeny liberal ass.

It’s rare but well done.

Here’s the YouTube video of the weeny roast that I loved so much.  It’s more fun when you see Frank’s actual words, as you view the accompanying video. 

Also watch this video called “Burning Down The House”

And this one I made from a Fox News story:

And this one by someone else:

.


And there’s more.  You won’t find it on CBC though, so don’t waste your time. 

 

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

**

Name - Office - Party/State - Total
[“D” stands for Democrat]

1. Dodd, Christopher - S - D-CT - $133,900

2. Kerry, John - S - D-MA - $111,000

3. Obama, Barack - S - D-IL - $105,849

4. Clinton, Hillary - S - D-NY - $75,550

5. Kanjorski, Paul H - D-PA - $65,500

.

And of course watch carefully how the media—in the U.S. and in Canada—helps the liberals and Democrats re-write history and utterly ignore the culpability of liberals and their meddling in the free-market economy and their social engineering failures and how it was them and their ideology who primarily caused this problem, in favor of instead blaming Bush and Republicans.  It’s a media and liberal lie. 
.

See my category: The liberal-left ruining the free-market, capitalist economy
.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Tuesday, September 30, 2008

“Burning Down The House” video yanked repeatedly; now at LiveLeak.com

The Burning Down The House: What Caused Our Economic Crisis? video, which has been viewed over a million times, is now posted at LiveLeak.com, after being yanked from YouTube many times.   

If you haven’t already, add this MUST SEE VIDEO to my MUST-READ latest inconvenient truth blog post in which I prove to the CBC and CTV and other media and liberals generally (who are all hiding under their desks and refuse to face it and acknowledge facts and history)... that LIBERALS and their GOVERNMENT MEDDLING in the free market and their inane left-wing SOCIAL ENGINEERING caused this crisis.  This is an election year in both countries.  This is VITAL information. 

In other related news, I saw on the PTBC YouTube page that my video capture from FNC was “#16 Most Viewed (This Week) - Canada”.  It has been viewed 68,174 times. 

See my last related link: http://www.proudtobecanadian.ca/index/weblog/comments/9428/

See my category: The liberal-left ruining the free-market, capitalist economy

.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Monday, September 29, 2008

UPDATED: Congress fails to pass socialism bill.  I blame aforementioned Pelosi speech. And sobriety.

Originally posted at 11;10 AM PDT
UPDATED BELOW, at 2:30 PM PDT, as Democrats, liberals generally, and their media in the U.S. and Canada, perpetrate outright lies, and lies by omission. 

This is an election year both here and in the U.S.  Lay blame where it belongs. LIBERALS, and their MEDIA. 

Not moments before this happened, I wrote that Democrat loon Nancy Pelosi stood up and lied.  She blamed Bush and his Administration and Republicans generally for the financial mess, and I called it one of the biggest lies I’ve ever heard.  I mentioned it in passing on another matter —the fact that while the CBC was happy to present her lie speech, CBC Newsworld didn’t bother to even comment about her lie (see here).  I said:

“And then it was on to other news, like playing the statement by Democrat House Leader Nancy Pelosi as she bashed the Bush Administration, and laid full blame on the Administration for causing the current financial crisis, in one of the most egregious lies I’ve heard since Bill Clinton—or perhaps ever in my life.

And the geniuses at the CBC did not comment on that lie.

Now THAT’s funny.  “

Even Democrats aren’t buying the socialism bill. 

The Democrats’ “done deal” is rejected by the Democrat-led House. 

House Republicans voted 2-1 against it.

House rejects it 228 (against) to 205 (for), meaning nearly a hundred Democrats voted against it.

The Dems thought it was a slam-dunk for them. 

UPDATE:

Wall Street Bailout Bill Headed Toward Defeat in House

...Opponents said part of the reason for the opposition from Republicans was what they termed a partisan speech by House Speaker Nancy Pelosi, said one GOP source.

“Pelosi’s partisan speech has caused our members to go berserk and may cost us any remaining chance to pass the bill,” the source said.

Pelosi had said that Congress needed to pass the bill, even though it was an outgrowth of the “failed Bush economic policies” of the last eight years. ...

Democrat Nancy Pelosi is perhaps the worst Speaker of the House in my lifetime.  She and her do-nothing Democratic Party have totally failed.  And the Senate Majority Leader Democrat Harry Reid:  the worst Senate leader in my lifetime.  It’s no wonder the Democratic Congress has favorability ratings lower than President Bush. 

See my category:
The liberal-left ruining the free-market, capitalist economy

UPDATE 2:35 PM PDT

Rush pearls:

Pearl of Wisdom: “The socialist bailout failed because so many Democrats opposed it. Where was the community organizer, Obama, getting his people in line? Nancy Pelosi can point fingers at Republicans, but Democrats have a majority. They could have passed this bill without a single GOP vote. What does this tell you about the bitter clingers in these Democrat districts? This has huge general election consequences.”

In 2004, Republicans held an oversight hearing on Freddie Mae and Fannie Mac. They warned us about this crisis back then, but Barney Frank, Maxine Waters, and other Democrats charged racism. Franklin Raines, the disgraced thief Democrat CEO of Fannie Mae, insisted the loans were “riskless.”

[Watch this 2004 Video Montage below:]

Pearl of Wisdom: “The preamble of the Constitution states it was created to ‘promote the general welfare,’ not ensure it. The bailout bill says it ‘provides authority to the treasury secretary to ... ensure the economic well-being of Americans.’ This abrogates the Constitution. When the government tries to run the economy, it always fails.”

Pearl of Wisdom: “Think of ACORN as a thousand Jesse Jacksons shaking down companies and institutions. They were pressuring banks to make unsafe, subprime loans to people who couldn’t pay them back.”

You can’t vote out Pelosi, Barney Frank, Franklin Raines and the other Democrats who created this mess. You can take your anger to the polls. Remember, folks, Raines and ACORN will be in an Obama White House.

Pearl of Wisdom: “You know my big desire? The morning after November 5th, I want to see the media so shocked that some of them, not Wall St. people, think about jumping out the windows of skyscrapers. I want to see the Democrats so shocked that the DNC has to be guarded by psychiatrists to make sure the people inside do not go insane and have to be sent to an asylum. I want to see such a landslide.”

Also watch this:

Lasts nearly 10 minutes.  Watch every minute.  Even has good music.

UPDATE—after 1,027,274 views, this video removed from YouTube.  New version underneath!

UPDATE Tuesday Sept 30 1:25 PM PDT:  YouTube yanked it again.  Version three was posted—also yanked.  Will update as best i can…

UPDATE Tuesday Sept 30 1:44 PM PDT:  YouTube yanked it again.  Version three was posted—also yanked.  Will update as best I can…

UPDATE - OK so try it now—on LiveLeak!

And watch this:

Read this:

  Our Ann Coulter helps explain the inconvenient truth in “THEY GAVE YOUR MORTGAGE TO A LESS QUALIFIED MINORITY”:

...This crisis was caused by political correctness being forced on the mortgage lending industry in the Clinton era.

Before the Democrats’ affirmative action lending policies became an embarrassment, the Los Angeles Times reported that, starting in 1992, a majority-Democratic Congress “mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains.”

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”

Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke—it’s a fact.

When Democrats controlled both the executive and legislative branches, political correctness was given a veto over sound business practices. ...

I ALSO WROTE:

I said this in this September 16 blog entry called:  “Carter/Clinton-era social engineering should share most blame for current turmoil in credit markets”: 

Liberals.  They throw wrenches in the free market, then blame the free market for failing.  And their answer is always… whadoyaknow: More government regulation.  More rules.  Raise taxes and create new ones.  “Provide” more taxpayer cash and “programs” for folks to become totally reliant on.  And I love this one the best:  government “investment” in order to save the day (literally—a day).

In a word:  socialism.

...and read this great article:

The Real Culprits In This Meltdown

By INVESTOR’S BUSINESS DAILY | Posted Monday, September 15, 2008 4:20 PM PT

Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it’s dysfunctional, Democrats during the Clinton years are a prime reason for it.

Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the “trickle-down” economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.

But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.

Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.

The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but “predatory.”

Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the ‘90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.

And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.

[...Read the rest.  ...]

And there’s more. 

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

**

Name - Office - Party/State - Total
[“D” stands for Democrat]

1. Dodd, Christopher - S - D-CT - $133,900

2. Kerry, John - S - D-MA - $111,000

3. Obama, Barack - S - D-IL - $105,849

4. Clinton, Hillary - S - D-NY - $75,550

5. Kanjorski, Paul H - D-PA - $65,500

.

And there’s more, but the liberals’ old dinosaur mainstream media isn’t covering any of this.  The CBC and CTV are purposely not covering this. 

.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Friday, September 26, 2008

MUST SEE VIDEO: More on Who Caused the Financial Crisis in the U.S. (L-I-B-E-R-A-L-S)

Add this MUST SEE VIDEO to my MUST-READ latest inconvenient truth blog post in which I prove to the CBC and CTV and other media and liberals generally (who are all hiding under their desks and refuse to face it and acknowledge facts and history)... that LIBERALS and their GOVERNMENT MEDDLING in the free market and their inane left-wing SOCIAL ENGINEERING caused this crisis. 

Lasts nearly 10 minutes.  Watch every minute.  Even has good music.

UPDATE: REMOVED FROM YOUTUBE!

See this new version:
UPDATE Tuesday Sept 30 1:25 PM PDT:  YouTube yanked it again.  Version three was posted—also yanked.  Will update as best I can…

UPDATE Tuesday Sept 30 1:44 PM PDT:  YouTube yanked it again.  Version three was posted—also yanked.  Will update as best I can…

UPDATE - OK so try it now—on LiveLeak!

The more you know…

.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Wednesday, September 24, 2008

Let’s ascribe financial crisis blame—there’s an election coming up!  Ready:  L-I-B-E-R-A-L-S

As we now know, it was Big Government liberals and particularly Democrats Bill Clinton and Jimmy Carter who created the current Fannie Mae and Freddy Mac financial crisis.  You can tell, because today, liberals and Democrats in Congress, and particularly Barack Obama, are all saying things like “well, no need to ascribe blame right now…” and “there’s more than enough blame to pass around…” and “this is not the time to talk about who’s to blame…”, and the big favorite from big government liberal hacks, “Wall Street ‘fat cats’ are of course to blame…” (ironic particularly because they’re half of the Dems’ base, and their sugar daddy). 

Here’s a timeline put together by Fox News Channel (which won’t ever, ever be shown on CBC) to show how President Bush, starting in 2002, warned Congress and the nation about action needed to reign in a coming crisis vis-a-vis Fannie Mae and Freddy Mac, unless action was taken.  His administration continued to warn.  And continued.  Senator McCain warned, starting in 2005, of the exact crisis that is now taking place. The do-nothing Congress, as led by Democrats Nancy Pelosi and Harry Reid, have failed to act since they took over power. 

At every step, Democrats balked at the warnings.  Stymied the efforts to reform the system. 

  Today, our Ann Coulter helps explain the inconvenient truth in “THEY GAVE YOUR MORTGAGE TO A LESS QUALIFIED MINORITY”:

...This crisis was caused by political correctness being forced on the mortgage lending industry in the Clinton era.

Before the Democrats’ affirmative action lending policies became an embarrassment, the Los Angeles Times reported that, starting in 1992, a majority-Democratic Congress “mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains.”

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”

Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke—it’s a fact.

When Democrats controlled both the executive and legislative branches, political correctness was given a veto over sound business practices. ...

Here’s some other inconvenient facts to help you conservatives who aren’t already banned from the cocktail circuit —to secure that ban. 

I said this in this September 16 blog entry called:  “Carter/Clinton-era social engineering should share most blame for current turmoil in credit markets”: 

Liberals.  They throw wrenches in the free market, then blame the free market for failing.  And their answer is always… whadoyaknow: More government regulation.  More rules.  Raise taxes and create new ones.  “Provide” more taxpayer cash and “programs” for folks to become totally reliant on.  And I love this one the best:  government “investment” in order to save the day (literally—a day). 

In a word:  socialism. 

To quote Rush Limbaugh, which I know liberals love because they love it when citizens speak truth to power:

“Liberals create economic circumstances that force businesses to lay people off, and then liberals blame capitalism for failing. When the economy is strong, liberals want to grow government. When the economy is weak, they want to grow government. There is no business cycle in government. There is just growth.”

...and I included this great article:

The Real Culprits In This Meltdown

By INVESTOR’S BUSINESS DAILY | Posted Monday, September 15, 2008 4:20 PM PT

Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it’s dysfunctional, Democrats during the Clinton years are a prime reason for it.

Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the “trickle-down” economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.

But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.

Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.

The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but “predatory.”

Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the ‘90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.

And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.

[...Read the rest.  ...]

And there’s more.  You won’t find it on CBC though, so don’t waste your time. 

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

**

Name - Office - Party/State - Total
[“D” stands for Democrat]

1. Dodd, Christopher - S - D-CT - $133,900

2. Kerry, John - S - D-MA - $111,000

3. Obama, Barack - S - D-IL - $105,849

4. Clinton, Hillary - S - D-NY - $75,550

5. Kanjorski, Paul H - D-PA - $65,500

LATE ADDITION:

See this MUST SEE VIDEO

Lasts nearly 10 minutes.  Watch every minute.  Even has good music.
UPDATE: REMOVED FROM YOUTUBE!

See this new version!

.

---

This page is showing specific category results only:
"The liberal-left ruining the free-market, capitalist economy"

Tuesday, September 16, 2008

Carter/Clinton-era social engineering should share most blame for current turmoil in credit markets

Liberals.  They throw wrenches in the free market, then blame the free market for failing.  And their answer is always… whadoyaknow: More government regulation.  More rules.  Raise taxes and create new ones.  “Provide” more taxpayer cash and “programs” for folks to become totally reliant on.  And I love this one the best:  government “investment” in order to save the day (literally—a day). 

In a word:  socialism. 

To quote Rush Limbaugh, which I know liberals love because they love it when citizens speak truth to power:

“Liberals create economic circumstances that force businesses to lay people off, and then liberals blame capitalism for failing. When the economy is strong, liberals want to grow government. When the economy is weak, they want to grow government. There is no business cycle in government. There is just growth.”

To quote The Great Obama, which I know liberals love because they love it when liberals speak:

I certainly don’t fault Sen. McCain for these problems, but I do fault the economic philosophy he subscribes to.

(...The economic philosophy being “capitalism”.)

But aside from the fact that the US Congress—both Democrats and Republicans—are in the pocket of mortgage and other financial companies and refuse to offer Americans the oversight they deserve, all liberals should stand up take it on the chin for this latest financial crisis.  Like so many other crimes against freedom and democracy, liberals’ social engineering caused this mess. 

(Hat tip to David Nally for this article)

The Real Culprits In This Meltdown

By INVESTOR’S BUSINESS DAILY | Posted Monday, September 15, 2008 4:20 PM PT

Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it’s dysfunctional, Democrats during the Clinton years are a prime reason for it.

Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the “trickle-down” economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.

But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.

Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.

The untold story in this whole national crisis is that President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but “predatory.”

Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the ‘90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck.

And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.

[...Read the rest.  ...]

John McCain made a speech this morning addressing this financial crisis, which had some truthy notes, which I’ll transcribe and post later.  Stand by. 

OK:

1.  He panders to liberals.  Blames Wall Street for the trouble.  Disses top executive pay scales and severance packages and their cheatin’ ways.  Promises to hold Wall Street responsible.  Promises his admin won’t let them get away with it—this “wrecklessness”— anymore. 

2.  Says this could have been avoided if those bad companies were simply exposed before this happened.  (Unlike how Congress knew about this for years, presumably). 

3.  Finally hits some sensible notes toward the end of this passage:

Too many firms on Wall Street have been able to count on casual oversight by regulatory agencies in government, and there’s so many of these regulators that the responsibility for oversight is scatted, unfocused, and ineffective.  Among others, we’ve got the SEC the CFTC the FDIC and the SDIC and the OCC—the alphabet soup—is there, but for all their big and impressive-sounding names, they haven’t been doing their job right, or else we wouldn’t have these massive problems on Wall Strreeet and that’s a fact. 

[APPLAUSE—because he’s right—although he misses the point:  government is useless at just about everything, as this ably proves.]

. 

At their worst they’ve been caught up in Washington turf wars instead of working together to protect investors in the public interest.  And we don’t need a dozen federal agencies doing the job BADLY,  We need the best federal agencies to do the job RIGHT. 

[APPLAUSE—same as above]

...And then here comes the liberals’ favorite words:  “regulation”... and uh-ohh, here comes that famous McCain word “comprehensive” (think immigration reform!) ... and rules… and laws…  YUMMY! 

Under my reforms, the American people will be protected by comprehensive regulation that will apply the rules and enforce them to the full.  There will be constant access to the accounts of the banks…. by law.... it will reduce the debt and risk that any bank can take on.  And above all, I promise reforms to prevent the kind of wild speculation that could put our markets at risk, and has already inflicted such enormous damage across our economy. 

[NO APPLAUSE, for good reason—he’s talking to sensible people]

.  ...

...And then finally he says SOME of what should be said…

... [Congress] waited too long ... as for the Congress, members in both parties must accept a share of the responsibilities—some members seem to measure the financial health of banks and lenders by the size of their political contributions, instead of the extent of their debt.  They listened to the lobbyists instead of the accountants.  I can promise you, the days of dealing of dealings and special favors will soon be over in a McCain-Palin administration… The public interest will always come first. 

Honest people on Wall Street, and there are many, will always have a friend in the White House when I’m President…  and I will seek reforms…

Reforms should start at reducing all the myriad regulations and regulatory bodies he rightly referred to; stop with the social engineering; and jailing Congressmen and Senators who are being bought.  And letting bad corporations that make bad decisions die, instead of bailing them all out. 

 

• Home
• J-Log
• Columnists
• PTBC Amazon Store
• PTBC Stuff
• About
• Contact
• Cashier