Statements made today by Federal Reserve chariman Ben Bernake that investors and lenders " should not be bailed out " from the consequences of their financial decisions," seems exactly right.
The Fed's moves lately to infuse the economy with more cash and cut interest rates were welcomed, but let's hope we don't see a repeat of the 80's S&L crisis .
Friday, August 31, 2007
Rove May Be A Bit Premature On History And Bush
Bush presidential advisor Karl Rove writes in today 's National Review online that " President Bush will be seen as a compassionate leader that used America's power for good.
While Rove admits that he cannot be seen as an unbiased observer by any means, he is premature in his assessment. Perhaps Bush will be seen as a president who squandered American lives and treasure to secure oil rights for his corporate sponsors and settle a personal score with Saddam Hussein in Iraq. Perhaps he will be seen as a president whose foreign policy blunders de-stabilized an entire region and gave increased power to an Iranian tyrant who will wield the wealth and all the evil that the world's greatest oil reserves can buy, when Iran gains a share of Iraq.
Only time will tell.
While Rove admits that he cannot be seen as an unbiased observer by any means, he is premature in his assessment. Perhaps Bush will be seen as a president who squandered American lives and treasure to secure oil rights for his corporate sponsors and settle a personal score with Saddam Hussein in Iraq. Perhaps he will be seen as a president whose foreign policy blunders de-stabilized an entire region and gave increased power to an Iranian tyrant who will wield the wealth and all the evil that the world's greatest oil reserves can buy, when Iran gains a share of Iraq.
Only time will tell.
Nifong In Contempt
Mike Nifong, the former Duke rape case prosecutor has been found guilty of criminal contempt for lying to a judge and withholding evidence in the case. His sentence...one day in jail.
He faced a possible sentence of 30 days in jail and a $500 fine. He got off way too light in this instance. Though he has lost his law license and been publicly disgraced already, here's hoping he gets further punishment in line with the attepted destruction of 3 young mens' lives.
He faced a possible sentence of 30 days in jail and a $500 fine. He got off way too light in this instance. Though he has lost his law license and been publicly disgraced already, here's hoping he gets further punishment in line with the attepted destruction of 3 young mens' lives.
Wednesday, August 29, 2007
Gonzalez Needed To Go But Better Than Reno
Anyone who truly loves America cannot be sad to see Alberto Gonzalez resign .
Forget the politically partisan witchhunt surrounding the phony U.S. Attorneys scandal, who serve at the leisure of the president . Bill Clinton replaced every U.S. attorney save one, and even replaced one that was investigating he and his wife's involvement in the Whitewater scandal, and replaced him with one of his own staffers.
Gonzalez needed to go. Any Attorney General who describes members of muderous gangs such as MS 13 as "people going through a bad stretch," needs a reality check and another job. His support for illegal imigration will eventually reveal his hand in the Ramos and Compean debacle I believe.
Gonzalez was a crony of George Bush who was, according to many unqualified.
Sharp tongued conservative columnist Ann Coulter, writing for townhall.com ,says that Gonzalez
however, killed 0 Americans, while former Clinton A. G. Janet Reno killed 80. This an obvious reference to Waco and the David Koresh disaster.
Add in the dismantling of the CIA and other intelligenge agencies prior to 9/11, and Gonzalez may look like an improvement....but not by much.
Forget the politically partisan witchhunt surrounding the phony U.S. Attorneys scandal, who serve at the leisure of the president . Bill Clinton replaced every U.S. attorney save one, and even replaced one that was investigating he and his wife's involvement in the Whitewater scandal, and replaced him with one of his own staffers.
Gonzalez needed to go. Any Attorney General who describes members of muderous gangs such as MS 13 as "people going through a bad stretch," needs a reality check and another job. His support for illegal imigration will eventually reveal his hand in the Ramos and Compean debacle I believe.
Gonzalez was a crony of George Bush who was, according to many unqualified.
Sharp tongued conservative columnist Ann Coulter, writing for townhall.com ,says that Gonzalez
however, killed 0 Americans, while former Clinton A. G. Janet Reno killed 80. This an obvious reference to Waco and the David Koresh disaster.
Add in the dismantling of the CIA and other intelligenge agencies prior to 9/11, and Gonzalez may look like an improvement....but not by much.
Hillary To Give Back Cash From Fugitive
Clinton campaign spokesman Phil Singer announced today that the candidate will give away over 23,000 dollars in campaign contributions from a wanted fugitive in California, Norman Hsu.
Hsu is wanted on charges of failing to appear for setencing in connection with a 1991 charge of grand theft. Hsu has donated over $260,000 to Democratic Party candidates and groups since 2004, including Al Franken among others, according to the Drudge report.
There needs to be sweeping campaign finance reform for sure...it just seems that the Clintons are better than anyone when it comes to attracting " dirty money."
Hsu is wanted on charges of failing to appear for setencing in connection with a 1991 charge of grand theft. Hsu has donated over $260,000 to Democratic Party candidates and groups since 2004, including Al Franken among others, according to the Drudge report.
There needs to be sweeping campaign finance reform for sure...it just seems that the Clintons are better than anyone when it comes to attracting " dirty money."
Larry Craig Debate On Hannity And Colmes
The Larry Craig debate brought out interesting points tonight with guests Dennis Prager and Juan Williams joining the hosts, conservative Sean Hannity and left leaning Allan Colmes. The fact that Craig, R- Idaho , would plead guilty to disorderly conduct to avoid publicizing " more serious" charges in relation to his possible connection to attempt toill have gay sex in a Minneapolis airport bathroom does not bode well for the Senator. As Republicans begin to line up against him, he will likely be forced to resign soon.
Williams and Colmes pointed out correctly that is is hypocritical for Craig to espouse " family values" while possibly living a secret life which has been rumored for twenty-five years. Hannity and Prager noted that it is hypocritical for Democrats to ask for the resignations of Republicans such as Craig and disgraced Republican and former Florida Representive Mark Foley, while supporting the actions of Bill Clinton , Gerry Studds, and Barney Frank.
Foley was asked to resign for illicitly emailing a House page. Studds was a Democrat who actually had sex with a page, and Frank was found to have a prostitution ring operating out of his D. C. apartment and was being run by his gay lover.
While Democrats are howling for the head of Craig, they supported the re-election of Studds, and Frank is still in office. Republicans at least pressured Foley to resign. Who is worse? Both parties are full of hypocrites and people who don't deserve to be in office. Can't America do any better than this?
Williams and Colmes pointed out correctly that is is hypocritical for Craig to espouse " family values" while possibly living a secret life which has been rumored for twenty-five years. Hannity and Prager noted that it is hypocritical for Democrats to ask for the resignations of Republicans such as Craig and disgraced Republican and former Florida Representive Mark Foley, while supporting the actions of Bill Clinton , Gerry Studds, and Barney Frank.
Foley was asked to resign for illicitly emailing a House page. Studds was a Democrat who actually had sex with a page, and Frank was found to have a prostitution ring operating out of his D. C. apartment and was being run by his gay lover.
While Democrats are howling for the head of Craig, they supported the re-election of Studds, and Frank is still in office. Republicans at least pressured Foley to resign. Who is worse? Both parties are full of hypocrites and people who don't deserve to be in office. Can't America do any better than this?
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