OIL…THIS SHOULD TICK YOU OFF!!

OIL…THIS SHOULD TICK YOU OFF!!

 Do you think Obama will say a thing??? Do you think a
 Democrat will say a thing??? Do you think a Republican will say a
 thing???

 WILL AN AMERICAN PUSH FOR IT! The U. S. Geological
 Service issued a report in April (’08) that only scientists and oil men
 knew was coming, but man was it big. It was a revised report (hadn’t
 been updated since ‘95) on how much oil was in this area of the western
 2/3 of North Dakota; western South Dakota ; and extreme eastern
 Montana…check THIS out:

 The Bakken is the largest domestic oil discovery since
 Alaska’s Prudhoe Bay, and has the potential to eliminate all American
 dependence on foreign oil. The Energy Information Administration(EIA)
 estimates it at 503 billion barrels. Even if just 10% of the oil is
 recoverable at $107 a barrel, we’re looking at a resource base worth
 more than $5.3 trillion.

 ’When I first briefed legislators on this, you could
 practically see their jaws hit the floor. They had no idea.’ says Terry
 Johnson, the Montana Legislature’s financial analyst.

 ’This sizable find is now the highest-producing onshore
 oil field found in the past 56 years.’ reports, The Pittsburgh Post
 Gazette.. It’s a formation known as the Williston Basin, but is more
 commonly referred to as the ‘Bakken.’ And it stretches from Northern
 Montana, through North Dakota and into Canada. For years, U.S. oil
 exploration has been considered a dead end. Even the ‘Big Oil’
 companies gave up searching for major oil wells decades ago.

 However, a recent technological breakthrough has opened
 up the Bakken’s massive reserves…and we now have access of up to 500
 billion barrels. And because this is light, sweet oil, those billions
 of barrels will cost Americans just $16 PER BARREL!

 1. That’s enough crude to fully fuel the American
 economy for 41 years straight.

 2. And if THAT didn’t throw you on the floor, then this
 next one should – because it’s from TWO YEARS AGO!

 U. S. Oil Discovery- Largest Reserve in the World!
 Stansberry Report Online – 4/20/2006 Hidden 1,000 feet beneath the
 surface of the Rocky Mountains lies the largest untapped oil reserve in
 the world. It is more than 2 TRILLION barrels. On August 8, 2005
 President Bush mandated its extraction. In three and a half years of
 high oil prices none has been extracted. With this mother load of oil
 why are we still fighting over off-shore drilling?

 They reported this stunning news: We have more oil
 inside our borders, than all the other proven reserves on earth. Here
 are the official estimates:

 - 8-times as much oil as Saudi Arabia
 - 18-times as much oil as Iraq
 - 21-times as much oil as Kuwait
 - 22-times as much oil as Iran
 - 500-times as much oil as Yemen – and it’s all right
 here in the Western United States.

 HOW can this BE? HOW can we NOT BE extracting this?
 Because the environmentalists and others have blocked all efforts to
 help America become independent of foreign oil! Again, we are letting a
 small group of people dictate our lives and our economy…..WHY?

 James Bartis, lead researcher with the study says we’ve
 got more oil in this very compact area than the entire Middle East -more
 than 2 TRILLION barrels untapped. That’s more than all the proven oil
 reserves of crude oil in the world today, reports The Denver Post.

 Don’t think ‘OPEC’ will drop its price – even with this
 find? Think again! It’s all about the competitive marketplace, – it
 has to. Think OPEC just might be funding the environmentalists? Got
 your attention/ire up yet? Hope so! Now, while you’re thinking about it
 …… and hopefully P.O’d, do this:

 3. Pass this along. If you don’t take a little time to
 do this, then you should stifle yourself the next time you want to
 complain about gas prices because by doing NOTHING, you’ve forfeited
 your right to complain.

 Now I just wonder what would happen in this country if
 every one of you sent this to every one in your address book.
 By the way…this is all true.- check it out at the link
 below!!!

 GOOGLE it or follow this link. It will blow your mind.

 http://www.usgs.gov/newsroom/article.asp?ID=1911
 <http://www.usgs.gov/newsroom/article.asp?ID=1911

An Open Letter to Our Nation’s Leadership

An Open Letter to Our Nation’s Leadership

by Web Producer

I am Janet Contreras, a concerned, home-grown American citizen. I am 53, and I have been a registered Democrat all of my adult life. Before the last Presidential election, I registered Republican because I no longer feel the Democratic Party represents my views or works to pursue issues important to me. I now no longer feel the Republican Party represents my views or works to pursue issues important to me. The fact is I no longer feel any political party or representative in Washington represents my views or works to pursue issues important to me.

There must be someone, please tell me who you are. Please stand up and tell me you are there and are willing to fight for our Constitution as it was written. Please do it now.

You might ask yourselves what my views and issues are that I would feel so horribly disenfranchised by both major political parties. What kind of nut job am I? Will you please tell me? These are briefly my views and issues for which I seek representation:

* Illegal Immigration—I want you to stop coddling illegal immigrants and secure our borders. Close the underground tunnels. Stop the violence and trafficking in drugs and people. No amnesty, not again. Been there, done that, no resolution. P.S. I am not a racist. This not to be confused with legal immigration.

* TARP Bill—I want it repealed and no further funding supplied to it. We told you “NO!” but you did it anyway. I want the remaining unfunded 95% repealed. Freeze! Repeal!

* Czars—I want the circumvention of our checks and balances stopped immediately. Fire the Czars. No more Czars. Government officials answer to the process not the President. Stop trampling on our Constitution and honor it.

* Cap & Trade—the debate on global warming is NOT over, there IS more to say.

* Universal Health Care—I will not be rushed into another expensive decision. Don’t you dare pass this in the middle of the night and then go on break. Slow down!

* Growing Government Control—I want states rights and sovereignty fully restored. I want less government in my life, not more. Shrink it down. Please mind your own business; you have enough to do with your REAL obligations. Let’s start there.

* ACORN—I do not want ACORN or its affiliates in charge of our 2010 census. I want them investigated. I also do not want mandatory escrow fees contributed to them on every real estate deal that closes. Stop all funding to ACORN and its affiliates pending impartial audit and investigation. I do not trust them with the taking of the census or with taxpayer money. Face up to the allegations against them and get it resolved before the taxpayers get any further involved with them. It walks like a duck and talks like a duck—hello… stop protecting political buddies. You work for the people. Investigate.

* Redistribution of Wealth—No. If I work for it, it is mine. I have always worked for people with more money than I have because they gave me jobs. That is the only redistribution of wealth I support. I never got a job from a poor person. Why do want me to hate my employers? What do your have against shareholders making a profit?

* Charitable Contributions—although I never got a job from a poor person, I have helped many in need. Charity belongs in our local communities where we know our needs best and can use local talent and resources. Butt out, please. We want to do this ourselves.

* Corporate Bail Outs—knock it off! Sink or swim like the rest of us. If there are hard times ahead, we will be better off just getting to it and letting the strong survive. Quick and painful, like ripping off a band aid. We will pull together. Great things happen in America under great hardship. Give us a chance to innovate. We cannot disappoint you more than you have disappointed us.

* Transparency and Accountability—how about it? No really, let’s have it. Let’s say we give the “buzz” words a rest and have some straight, honest talk. Please stop trying to manipulate and appease me with cleaver wording. I am not the idiot you obviously take me for. Stop sneaking around meeting in back rooms making deals with your friends. It will only be a prelude to your criminal investigation. Stop hiding things from me.

* Unprecedented Quick Spending—stop it, now. Take a breath. Listen to “The People.”

Let’s just slow down and get some more input from some “non-politicians” on the subject. Stop making everything an emergency. Stop speed reading our bills into law.

I am not an activist. I am not a community organizer. Nor am I a terrorist, a militant nor a violent person. I am a mother and grandmother. I am a working woman. I am busy, busy, busy and tired, tired, tired. I thought we elected competent people to take care of the business of government so that we could work, raise our families, pay our bills, have a little recreation, complain about taxes, endure our hardships, pursue our personal goals, cut our lawns and wash our cars on weekends, and be responsible, contributing members of society and teach our children to be the same, all the while living in the home of the free and land of the brave.

I entrusted you with upholding our Constitution and believed in the checks and balances to keep you from getting too far off course. What happened? You are very far off course. Do you really think that I find humor in hiring a speed reader to unintelligibly ramble through a bill you signed into law without knowing what it contained? I do not! It is a mockery of the responsibility I have entrusted to you. It is a slap in the face! I am not laughing—the arrogance!

Why is it that I feel as if you would not trust me to make a single decision about my own life and how I would live it, but you expect that I should trust you with the debt that you have laid on all of us and our children? We did not want that TARP bill. We said “NO!” We would repeal it if we could. I am not sure that we still cannot. There is such urgency and recklessness in all the recent spending. From my perspective, it seems that you have all gone insane.

I also know that I am far from alone in these feelings. Do you honestly feel that your current pursuits have merit to patriotic Americans? We want it to stop. We want to put the brakes on everything that is being rushed by us and forced upon us. We want our voice back!

You have forced us to put our lives on hold to straighten out the mess you are making. We will have to give up our vacations, our time spent with our children, any relaxation time we may have had and money we cannot afford to spend on you to bring our concerns to Washington.

Lawmakers take fundraising to slopes

Lawmakers take fundraising to slopes

WASHINGTON — The deepening economic recession hasn’t stopped members of Congress from throwing lavish events to raise campaign money for the 2010 election.

This weekend, donors to a political action committee run by Rep. Jeb Hensarling are invited to the Snake River Lodge & Spa near Jackson Hole, Wyo., for a ski outing hosted by the Texas Republican. The minimum donation: $2,500, according to the invitation, which touts opportunities to take sleigh rides to an elk refuge and snowmobile excursions to the Continental Divide.

Skiing also is on the agenda at a fundraiser this weekend in Vail, Colo., for Democrat Ed Perlmutter. Donations range from $2,400 for an individual to $5,000 for a political action committee.

Donors seeking warmer climes could have joined veteran Democratic Sen. Daniel Inouye of Hawaii for a “Weekend of Aloha” fundraiser at a resort on Honolulu’s Waikiki Beach. Inouye’s event, held last weekend, started two days after lawmakers passed President Obama’s $787 billion plan aimed at jump-starting the economy. Lawmakers are on a week-long break and return Monday.

“Everyone is tightening their belts, but lawmakers are doing what they have always done: holding fundraisers in exotic locales,” said Nancy Watzman, who tracks political fundraising events for the watchdog group Sunlight Foundation. “This is the kind of thing that’s out of reach to most people, and it’s pretty much hidden from the public.”

Aides to the lawmakers said the events are driven by the need to raise growing amounts of campaign money. House and Senate candidates raised nearly $1.4 billion to fund campaigns in 2008, up from roughly $1 billion eight years earlier, according to the non-partisan Center for Responsive Politics.

“Almost every member of Congress is fundraising all the time,” said Julie DeWoody, the finance director of Perlmutter’s campaign. “It’s the reality of running for office and how expensive campaigns are.”

Perlmutter, a Colorado congressman in his second term, opted to host the ski weekend to give “supporters a different way to interact with him and have fun,” DeWoody said. She would not say who planned to attend.

Hensarling’s fundraising event supports his political action committee — Jobs, Economy and Budget Fund, also known as JEB Fund. Hensarling aide Dee Buchanan said in an e-mail that the money goes to “conservative candidates who believe in limited government and unlimited opportunity.”

Buchanan did not respond to questions about fundraising goals and who was expected to attend the event. It was scheduled to begin Thursday night and run through the weekend.

Inouye, chairman of the Senate Appropriations Committee, raised about $100,000 at last weekend’s event at the Hilton Hawaiian Village Beach Resort & Spa, according to Helen Milby, his fundraiser. It was held in Hawaii so Inouye could raise money and carry out constituent work in his home state, she said.

It also “was a great way for people to support tourism in Hawaii,” she added.

About 20 donors, who each raised or gave $5,000, and their spouses came from Washington. “Some were lobbyists; some were not,” Milby said.

She said Inouye would “never” allow contributions from special interests to influence his policymaking. “He’s a great American, and he does what’s right for the country all of the time,” she said. “That’s his benchmark.”

Ethics rules approved in 2007 bar members of Congress from accepting most gifts, trips and expensive meals from lobbyists and organizations that employ them, but did not impose restrictions on campaign activity.

“The same person who can’t buy a meal for a senator can go to the fundraiser, have a nice meal … and give contributions,” said Stephen Weissman, of the Campaign Finance Institute. “This is a real problem.”

The posh venues aren’t restricted to fundraising events, either.

Earlier this month, House Democrats held their annual retreat at Kingsmill Resort & Spa near Williamsburg, Va. House Republicans headed to The Homestead, a mountain resort and spa in Hot Springs, Va., for their policy retreat.

The lawmakers used campaign funds to pay their expenses. But the non-profit Congressional Institute helped underwrite staff travel and overhead expenses for the Republican gathering, said Matt Lloyd, a spokesman for the House Republican Conference. He confirmed that participants included lobbyists who help fund the institute, which hosts seminars for lawmakers and conducts public policy research.

The getaway was approved by the House Ethics Committee, he said.

Find this article at:
http://www.usatoday.com/news/washington/2009-02-19-fundraising_N.htm

Pelosi’s Pet Pork Projects

Pelosi’s Pet Pork Projects

Ed Lasky
She promised no pork. Of course, that claim has been widely shown to be false. There was, for example, a green project that will benefit Congressman David Obey’s son (Obey sits on the Apprropriations Committee). There are virtual earmarks hat smell of pork because the stimulus bill is drafted with such sleight of hand that essentially only one project qualifies (example, a clean coal power plant in Obama’s home state of Illinois.

Incidentally, will the Illinois utility company Exelon, that has hired Obama’s campaign strategist David Axelrod in the past, benefit?). Then there is a 30 million dollar grant for wetlands preservation in Speaker Pelosi’s district — a cause she has tried to fund for years and that will make a certain type of mouse happy.

Page Printed from: http://www.americanthinker.com/blog/2009/02/pelosis_pet_pork_projects.html at February 12, 2009 – 08:32:14 PM EST

$500K spent on Dem caucus retreats

$500K spent on Dem caucus retreats

Posted: 02/03/09 07:10 PM [ET]
The House Democratic Caucus spent more than $500,000 in taxpayer money over the past five years for its annual retreats at resorts in Pennsylvania and Virginia.

On Thursday, Democrats will head to the Kingsmill Resort and Spa in historic Williamsburg, Va., for the three-day planning powwow. The resort boasts multiple championship golf courses, a full-service spa and six restaurants.

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Individual lawmakers pay for most of the expenses related to retreat lodging through their campaign committees, but the Democratic Caucus subsidizes some of the costs for what aides consider “official business” — to the tune of nearly $100,000 each year, according to a Democratic aide involved in retreat planning.
For instance, the caucus picks up the hefty transportation tab, as well as the thousands of dollars in expenses each year for guest speakers, food and entertainment, according to financial disbursement records.

Democratic leadership sources were reluctant to talk about any aspect of the trip, but they defended it as an important planning session for the entire country.

“This retreat is strategic planning for the country,” said Democratic Caucus spokeswoman Emily Barocas. “The president, vice president and three Cabinet secretaries will be meeting with the caucus to plan the direction we are taking the country in.”

The topic is particularly sensitive this year after several Democratic lawmakers slammed American International Group (AIG) executives for spending more than $440,000 at a company retreat in Monarch Beach, Calif., just days after the federal government bailed the company out with $85 billion in taxpayer funds.

Several Democratic lawmakers also excoriated banking and financial companies for flying in corporate jets to Washington to testify before several committees about their need for billions more in bailout money.

Williamsburg hardly compares to a balmy beach destination, but in the past five years, some of the retreat expenses jump off the page.

In 2004, for instance, the caucus paid more than $27,000 to Executive Jet Management for a chartered flight for Bill Clinton, who addressed the issues conference. A Democratic aide said costs soared for Clinton’s travel because there was a “horrible blizzard” that caused his plane to become stuck two days longer than expected and the caucus had to spend extra money for de-icing and storing the plane.

In 2005, the caucus cut a $1,100 check to retired Gen. Wesley Clark’s consulting firm for a speaking fee. Former Secretary of State Madeleine Albright’s firm received $864 in 2003 for her retreat address.

Besides Obama, Biden and three other Cabinet secretaries, Democrats this year are hosting Microsoft CEO Steve Ballmer, who will talk about stimulating the economy through technology and innovation.

In the past, the caucus has also paid for food and after-hours entertainment. In 2003, for example, the Caucus spent $11,200 on food and $6,900 on entertainment. Costs for renting conference rooms at the resorts also make up a large chunk of the total. In 2004, the caucus spent at least $15,000 on space rental.

Democrats spend the most money, however, on transportation.

Since 2005, the caucus has chartered an Amtrak train to ferry members to the Kingsmill resort. It costs roughly $70,000 each year for the Amtrak charter. Democratic aides argue it’s necessary so that members can spend time together and not end up taking separate cars and arriving at staggered times. Traveling by train also helps ensure the safety of House Speaker Nancy Pelosi (D-Calif.), who is second in the line of succession to the presidency and requires constant security detail. In this case, the source said, security helicopters fly above the train.

In 2003 and 2004, the caucus used chartered flights and rented cars and buses to transport members to the Nemacolin resort in Woodlands, Pa. The chartered flight cost more than $10,000 and the buses were $6,500, but the hassles weren’t worth it: One year, a Democratic aide recalls, the buses broke down and closed down an entire highway.

Democrats and Republicans have criticized each other for the way each party pays for its annual retreat. Republicans huddled at the Homestead Resort in Hot Springs, Va., last week. The Congressional Institute, a nonprofit that pays for activities at least in part through dues from lobbyists, subsidizes the GOP retreat. Republicans also allow members of the institute’s private sector advisory board, many of whom are lobbyists, to travel to the resort each year for a dinner with the members.

Democrats don’t allow lobbyists at the retreat, but Republicans criticize the use of taxpayer dollars for expenses for retreats at resorts, especially during the economic downturn.

Meredith McGehee, policy director at the Campaign Legal Center, said she believes it’s useful for members to gather in a setting away from Capitol Hill once a year. Still, she said, when the economy is suffering and people are losing their jobs, members must be mindful to scale back and not use taxpayer dollars for luxury items.

“I actually think there is utility in meeting together once a year to concentrate on getting everyone to row their oars in the same direction,” she said. “But how much money is spent this year and the scope of it and how many frills there are is important. It sends a message on how seriously members are taking the economic problems when people are being laid off left and right. Unlike Michael Phelps, [lawmakers] are indeed role models.”

Common Cause’s Sarah Dufendach said she would rather have taxpayer money than special-interest money funding retreats. But she said this year, both Republicans and Democrats would have been better served by having their retreat locally at a place such as the Library of Congress.

“It would have been really good PR for both sides to stay home and bring a box lunch,” she said.


The Pelosi-Obama-Reid Trillion Dollar Debt Plan

From the Heritage Foundation

Morning Bell: The Pelosi-Obama-Reid Trillion Dollar Debt Plan

Last Friday we warned you about some family planning provisions tucked away in the House stimulus bill. Some conservative lawmakers then took up the issue on the Sunday shows, and the provisions quickly became a symbol of how completely unrelated to “economic stimulus” the House bill really is. Being the savvy political operator he is, President Barack Obama has now instructed House Democrats to remove that one provision. But, like much of Obama’s presidency so far, this was a completely symbolic move. The family planning provisions are just one small loophole inside of a massive new permanent expansion of socialized medicine. Don’t believe us? Here is how the New York Times reports (not editorializes, a hard news report) on the bill:

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The stimulus bill working its way through Congress is not just a package of spending increases and tax cuts intended to jolt the nation out of recession. For Democrats, it is also a tool for rewriting the social contract with the poor, the uninsured and the unemployed, in ways they have long yearned to do.

As Congress rushes to inject cash into a listless economy, it is setting aside many of the restraints that have checked new domestic spending for more than a decade.

The economic stimulus bill prevents states from enforcing a means test. … Republicans said this proposal would take a big step toward federalizing Medicaid. For their part, Democrats said the changes took a major step toward their goal of coverage for all Americans.

This is why long time advocates for socialized medicine, like Ways and Means health subcommittee chair Pete Stark (D-CA), have been telling reporters not to expect any other health care legislation this year. This “stimulus” bill is the left’s major down payment for socialized medicine. By making everyone eligible, the bill makes government health care the default option for the unemployed. Coupled with their SCHIP legislation that makes three-fourths of all American children eligible for Medicaid, this stimulus bill is designed to maximize the pushing of Americans off their current private coverage and into government run health care.

The left’s power grab does not end with health care. As we noted last week, and the New York Times reports today, the bill will “profoundly change the federal government’s role in education, which has traditionally been the responsibility of state and local government.” The NYT continues: “The proposed emergency expenditures on nearly every realm of education … would amount to the largest increase in federal aid since Washington began to spend significantly on education after World War II.”

And we haven’t even got to the Christmas tree like wish list of other long sought after leftist spending priorities, which include: $1 billion for Amtrak, $2 billion for child-care subsidies; $50 million for the National Endowment of the Arts; $400 million for global warming research; $2.4 billion for clean coal; $650 million for even more digital TV conversion coupons; $600 million for new government cars; $7 billion for modernizing federal buildings; $150 million for the Smithsonian; and $54 billion for Economic Development Office and Small Business Administration programs that the OMB or GAO have already analyzed to be “ineffective.”

All of this deficit spending has a cost. And the Congressional Budget Office confirmed yesterday that the cost of servicing the mountains of new debt of all this government expansion pushes the total price tag of just the existing House spending plans (before a single cent of Senate waste is added) to over $1 trillion dollars. In a letter to Rep. Paul Ryan (D-WI) CBO director Doug Elmendorf writes: “CBO estimates that the government’s interest costs would increase by $0.7 billion in fiscal year 2009 and by a total of $347 billion over the 2009- 2019 period.” In other words, the Pelosi-Obama-Reid Debt Plan already weighs in at $1.172 trillion.

President Obama reportedly told Republicans yesterday, “I would love to not have to spend this money.” Every American is free to take Obama’s words at face value. Or you could believe the President’s Chief of Staff Rahm Emanuel. Commenting on the left’s governing plans this November, he said: “Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” Exactly.

ACORN eligible for billions from stimulus plan

ACORN eligible for billions from stimulus plan

Rick Moran
Barack Obama has spent the last week basically paying off some campaign debts. He gave a nod to his far left base by closing Guantanamo and stopping the military tribunals (without any plan for housing the detainees or prosecuting them), he pandered to the feminists by rescinding the Mexico City rule preventing federal monies from being used to promote abortion overseas. He had most of the left on their feet cheering when he took on Rush Limbaugh.

So I suppose it’s not surprising that stuck inside his monstrosity of a “stimulus bill,” would be a multi-billion dollar gift to his friends at ACORN:

The House Democrats’ trillion dollar spending bill, approved on January 21 by the Appropriations Committee and headed to the House floor next week for a vote, could open billions of taxpayer dollars to left-wing groups like the Association of Community Organizations for Reform Now (ACORN).  ACORN has been accused of perpetrating voter registration fraud numerous times in the last several elections; is reportedly under federal investigation; and played a key role in the irresponsible schemes that caused a financial meltdown that has cost American taxpayers hundreds of billions of dollars since last fall. 

House Republican Leader John Boehner (R-OH) and other Republicans are asking a simple question: what does this have to do with job creation?  Are Congressional Democrats really going to borrow money from our children and grandchildren to give handouts to ACORN in the name of economic “stimulus?”

 

Incredibly, the Democrats’ bill makes groups like ACORN eligible for a $4.19 billion pot of money for “neighborhood stabilization activities.”  Funds for this purpose were authorized in the Housing and Economic Recovery Act, signed into law in 2008.  However, these funds were limited to state and local governments.  Now House Democrats are taking the unprecedented step of making ACORN and other groups eligible for these funds:

 

If I didn’t see it in black and white, I wouldn’t have believed it. Here’s the relevant part from the bill:

 

“For a further additional amount for ‘Community Development Fund,’ $4,190,000,000, to be used for neighborhood stabilization activities related to emergency assistance for the redevelopment of abandoned and foreclosed homes as authorized under division B, title III of the Housing and Economic Recovery Act of 2008 (Public Law 110–289), of which—

 

“(1) not less than $3,440,000,000 shall be allocated by a competition for which eligible entities shall be States, units of general local government, and nonprofit entities or consortia of nonprofit entities[.]”  

 

“(2) up to $750,000,000 shall be awarded by competition to nonprofit entities or consortia of nonprofit entities to provide community stabilization assistance […]”

 

Not just ACORN would be in line to receive these funds. Other “nonprofit entities or consortia of nonprofit entities”  will be lining up with their hands out. And for what purpose? What exactly does “neighborhood stabilization” mean?

 

It means the federal government is about to give a huge amount of money to the very same people who helped get us in this mess in the first place. ACORN could now profit from the crisis by purchasing foreclosed homes for a song and selling them at a tidy profit – ensnaring more luckless victims in their mortgage scams. 

 

The chances of the Obama administration investigating the illegal political activities of this so-called “non-partisan” group are just about zero. But this is one fight the GOP cannot afford to back down from. They must not only raise a ruckus about this codicile giving ACORN and their friends billions of dollars, they must also push for a federal investigation of the activities of ACORN in previous elections for purposes of revoking their tax exempt status as a non-political entity.

 

But in politics, without the votes, it is very hard to get your way on anything. Further enriching Democratic allies will no doubt be the rule rather than the exception over the next 4 years.

 

Hat Tip: Michelle Malkin

Obama’s Civilian National Security Force

Civilian National Security Force

BY Herschel Smith
2 months, 3 weeks ago

So Obama wants to quit relying on the U.S. military alone to implement U.S. national security objectives. Okay, in contemporary slang, The Captain’s Journal is “down with that.” So he’s going to get the State Department playing on the same side as the military? Er … maybe not.

View the video vey disturbing

http://www.youtube.com/watch?v=Tt2yGzHfy7s

“Just as powerful, just as strong, and just as well funded.” So the astute observer and deep thinker might reflect for a minute and be compelled to pose several questions (although the MSM won’t).

  1. How will this Civilian National Security Force (hereafter CNSF) be just as powerful as men with guns, artillery, ordnance, war ships and aircraft?
  2. What will make the CNSF “just as strong” as the U.S. Marine Corps?
  3. How will this CNSF implement national security policy?
  4. Since the 2009 budget includes just over half a trillion dollars for defense spending (The Captain’s Journal supports this, and calls for even more), and since it is judged that this CNSF be “just as well funded” as the military, where will this half a trillion dollars come from?
  5. Finally, if he didn’t really mean that this CNSF would be the beneficiary of half a trillion dollars (to do with we don’t know what), then why did he say so?

At any rate, these questions seem to be compelled by the proposal. The best bet, however, is that the MSM won’t pose a single one of them (but we do get to add another snappy sounding category to our stable of articles – Civilian National Defense Force).

Obama: Quit Listening to Rush Limbaugh if You Want to Get Things Done

Who gave him the right to tell us what we can listen to. Dangerous remember 1939 Germany

Obama: Quit Listening to Rush Limbaugh if You Want to Get Things Done

Obama warned Republicans to quit listening to Limbaugh if they want to get along with Democrats, during a White House discussion on his nearly $1 trillion stimulus package.

 

WASHINGTON — President Obama warned Republicans on Capitol Hill today that they need to quit listening to radio king Rush Limbaugh if they want to get along with Democrats and the new administration.

“You can’t just listen to Rush Limbaugh and get things done,” he told top GOP leaders, whom he had invited to the White House to discuss his nearly $1 trillion stimulus package.

One White House official confirmed the comment but said he was simply trying to make a larger point about bipartisan efforts.

“There are big things that unify Republicans and Democrats,” the official said. “We shouldn’t let partisan politics derail what are very important things that need to get done.”

That wasn’t Obama’s only jab at Republicans today.

While discussing the stimulus package with top lawmakers in the White House’s Roosevelt Room, President Obama shot down a critic with a simple message.

“I won,” he said, according to aides who were briefed on the meeting. “I will trump you on that.”

The response was to the objection by Rep. Eric Cantor (R-Va.) to the president’s proposal to increase benefits for low-income workers who don’t owe federal income taxes.

It’s Time to Uproot the Real Cause of the Mortgage Crisis

It’s Time to Uproot the Real Cause of the Mortgage Crisis

Posted By Hans A. von Spakovsky On December 20, 2008 @ 12:00 am In . Feature 01, Money, US News | 16 Comments

As banks, insurance companies, brokerage firms, automobile manufacturers, and God knows who else line up to try and feed at the public trough, the original source of the spreading financial and credit crisis, the mortgage industry, is still in deep trouble. Whether the initial bailout plan passed by Congress will help stem mortgage lenders’ financial problems in the short run is still an open question. But one thing is certain: Nothing in the original legislation or Treasury’s actions and infusion of funds since then have made the legal, regulatory, and enforcement changes required to prevent this problem from happening again in the long run — no matter how many tax dollars the Treasury Department pours into the problem.

Nothing in the mortgage bailout legislation called for Congress to fix the serious problems with the [1] Community Reinvestment Act (CRA) that empower ACORN-style pressure tactics against lenders. Nothing made the Federal Reserve change its lending instructions. Nothing urged the president to change the enforcement policies at the Justice Department and HUD that forced lenders to make risky loans to unqualified applicants.

At its most basic level, this crisis started because of the weakening of mortgage lending standards caused by the Federal Reserve and other federal agencies. Lenders also feared facing discrimination claims and enforcement actions by government law enforcement agencies and organizations such as [2] ACORN.

Consider a faulty study the Boston Fed conducted in the 1990s. It claimed that minority mortgage applicants were rejected at higher rates because of discrimination. Yet a detailed analysis by University of Texas economists Stan Liebowitz and Theodore Day showed that the Boston Fed study was so full of data transcription errors that it was “outrageously unreliable.” When those errors were eliminated, there was no discrimination. Some minority groups do have a higher rejection rate for mortgages on average, but because of weaker credit histories, not discrimination by lenders.

Undaunted, the Boston Fed issued a new manual that called traditional lending standards like creditworthiness and down payment requirements “outdated” and “discriminatory” because they supposedly prevented minorities from getting loans. Other federal agencies joined in. The FDIC still has a compliance manual that discourages banks from requiring an “excellent” credit rating or “adequate” longevity on the job because it may have a “disparate impact” on minority applicants. This despite the current crisis and the fact that in 2007 the Federal Reserve finally admitted in a report to Congress that credit scores are “predictive of credit risk for the populations as a whole and for all major demographic groups.”

Mortgage lenders were also pressured to adopt these weakened standards by the Community Reinvestment Act. If they couldn’t show enough lending in minority neighborhoods to bad credit risks, they could be accused of discrimination, their charter renewals or merger deals held up by third party “community” organizations like ACORN. These organizations used the CRA as an extortion racket to get money for themselves (so they could do things like “counsel” high-risk borrowers) and to get mortgage funds directed to borrowers who had no down payments, no steady employment, and terrible credit histories. And everyone in Congress and the executive branch are wringing their hands over how to keep these borrowers in mortgages they cannot afford, rather than getting them out and thereby stopping the hemorrhaging in the lending industry.

As Professor Liebowitz said in testimony before Congress this past summer, the government’s entire housing policy was based “on a false claim, or lie” that mortgage lenders were discriminating against minorities. This lie was also pushed by the liberal civil rights community and the Congressional Black Caucus — and it was repeated “over and over again. Eventually this lie began to poison the mortgage market, and now the entire economy is at risk.” The secondary market necessary for the securitization of all of these bad mortgages (by bundling and packaging them together) accepted the constant reassurances by the Fed, Fannie Mae, Freddie Mac, and other government agencies that these high-risk mortgages were perfectly safe.

So where does the bailout plan direct the Federal Reserve, the FDIC, and all the other federal agencies involved in banking and lending to change their compliance manuals and regulations to allow mortgage lenders to tighten their lending standards? Where does it tell them to go back to traditional methods of determining creditworthiness without putting their charters in jeopardy or being accused of discrimination? Where are the amendments to the CRA to prevent lenders from being blackmailed into making more of these bad loans? Where are the president’s directives to the Justice Department and HUD banning the use of “disparate impact” in their enforcement actions and ordering those agencies to consider individual creditworthiness and other traditional lending requirements when investigating discrimination claims? You haven’t seen any of these directives because they don’t exist — and they are just as unlikely to come from the new administration.

You don’t hear any plans by anyone in Congress, the Federal Reserve Board, or in other federal agencies to take any of these actions — because no government officials want to admit their role in the financial crisis or incur the wrath of the race hustlers. They don’t want to confront the Congressional Black Caucus or the NAACP or other liberal pressure groups that will do everything they can to oppose these changes.

In a hearing in February, Rep. Maxine Waters (D-Calif.) actually claimed that the only problem with the CRA was that it didn’t cover enough of the credit market. Now that the Treasury Department is essentially buying control of American banks, mortgage lenders, insurance companies, brokerage firms, and other industries as the crisis spreads, how long will it be before federal career bureaucrats start using the government’s new ownership interest to force those same institutions and industries to implement “new and improved” social policies in their lending, credit, brokerage, manufacturing, and insurance practices?

And who will continue to be the real victims of these policies, in addition to the American taxpayer who is funding the bailout or losing his job because of the economic distress of so many employers? It will be the borrowers, many of them minorities, who have been put into terrible financial straits by lending practices forced onto mortgage lenders by the government.

This overwhelming problem is not the result of too much “deregulation” of the financial industry. It is the result of coordinated government regulations and destructive racial preference enforcement policies that effectively pressured lenders to make billions of dollars of loans to individuals who lacked the financial means to repay them. With the regulatory structures that are the root and cause of this whole problem unchanged, the American taxpayer will almost certainly be called upon to bail the mortgage system out again, as well as all of the other sectors of our economy being hurt by the credit crunch it engendered.