Archive for September 26th, 2008

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Scariest Thing You Will Read Today

September 26, 2008

David Kopel at Volokh writes:

In a new article for America’s 1st Freedom (a NRA member magazine), I examine some of President Obama’s potential Supreme Court picks. (Based on a list of potential nominees in an article by Stuart Taylor in the National Journal.) Justices Cass Sunstein, Merrick Garland, Sonia Sotomayor, and Eric Holder would be terrible for Second Amendment rights, I suggest. Attorney General Deval Patrick and Secretary of the Interior Tom Daschle would be pretty bad in that regard, too, I argue. The article also summarizes Obama’s record on Second Amendment issues.

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Intellectual Mecca

September 26, 2008
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Debate back on

September 26, 2008

Politico reports: 

The McCain campaign is resuming all activities and the Senator will travel to the debate this afternoon. Following the debate, he will return to Washington to ensure that all voices and interests are represented in the final agreement, especially those of taxpayers and homeowners.

Didn’t get my dream of a Palin/Obama debate, but the stunt did its job in marginalizing Obama

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ACORN and the Bailout

September 26, 2008

Ed Morrissey at hotair.com has found some startling provisions in the Dodd counter-proposal to the Paulson proposal:

House Republicans refused to support the Henry Paulson/Chris Dodd compromise bailout plan yesterday afternoon, even after the New York Times reported that Treasury Secretary Henry Paulson got down on one knee to beg Nancy Pelosi to compromise.  One of the sticking points, as Senator Lindsey Graham explained later, wasn’t a lack of begging but a poison pill that would push 20% of all profits from the bailout into the Housing Trust Fund — a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza.

The part of the Dodd proposal in question:

TRANSFER OF A PERCENTAGE OF PROFITS.

  1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
  2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
    1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
    2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

REMAINDER DEPOSITED IN THE TREASURY.All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.

ACORN as you may recall is the housing advocacy group that the Messiah worked with for some time when he was community organizing.  They have been sued on many occasions for voter fraud, most recently in the swing state of Michigan.

McCain needs to sit there in Washington and make sure this doesn’t pass

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This Will Disgust and Amaze You

September 26, 2008
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McCain: Obama Should Have Done Them Town Halls

September 26, 2008

Jonathan Martin of Politico reports:

“I understand that there is a lot of attention on this but I also wish Senator Obama had agreed to ten or more town hall meetings that I had asked him to attend with me,” McCain told ABC’s Charlie Gibson when asked in an interview broadcast on World News Tonight whether there would be a debate Friday in Mississippi as planned.  “Wouldn’t be quite that much urgency if he agreed to do that, instead he refused to do it.”

Talking to the campaign pool reporter later, Schmidt said McCain hoped to make it to Oxford before shifting the conversation.

“He had actually hoped this would be the 11th debate of the campaign, not the first,” Schmidt said.  “He’s very disappointed in Sen. Obama about that because this could have been the 11th debate. Sen. Obama said he would debate anywhere, anyplace, anytime. He refused to do that.”

McCain is taking a cue from our 42nd President when he said yesterday to ABC’s Chris Cuomo:

“We know he didn’t do it because he’s afraid because Sen. McCain wanted more debates,” Clinton said, adding that he was “encouraged” by the joint statement from McCain and Sen. Barack Obama.

“You can put it off a few days the problem is it’s hard to reschedule those things,” Clinton said, “I presume he did that in good faith since I know he wanted — I remember he asked for more debates to go all around the country and so I don’t think we ought to overly parse that.”

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Marine Sues Murtha Over Haditha Remarks

September 26, 2008

Mike Fahrer of the Tribune-Democrat writes:

In May 2006, six months after 24 people were killed in a small Iraqi town, U.S. Rep. John Murtha made a startling accusation.

American soldiers, he contended, had killed innocent civilians “in cold blood.”

Now, less than six weeks before the longtime Johnstown Democrat is up for re-election, a Marine involved in the now-infamous Haditha incident is suing Murtha for slander.

Justin Sharratt of Canonsburg, Washington County, left the Marine Corps last year. But he claims Murtha’s statements have caused “permanent, irreversible damage to his reputation.”

“What Murtha did is outrageous, and I am seeking punitive damages,” said Noah Geary, a Pittsburgh attorney representing Sharratt.

The lawsuit was filed Thursday in federal court in Pittsburgh.

It includes Murtha’s statements from nationally televised interviews in 2006, including an exchange during a CNN interview with anchor Wolf Blitzer.

“There was an (improvised explosive device) attack, it killed one Marine, and then they overreacted and killed a number of civilians without anybody firing at them,” Murtha told Blitzer.

“That’s what you’re going to find out.”

At this point, though, seven of the eight servicemen charged in the incident have been cleared.

Geary said Sharratt was charged with three counts of unpremeditated murder but later was exonerated.

Murtha will have to fight for his House seat and the US Military at the same time

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Battleground: McCain up by 2

September 26, 2008

Here

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Krauthammer: Catharsis, Then Common Sense

September 26, 2008

Charles Krauthammer writes for the Washington Post

For decades, starting with Jimmy Carter‘s Community Reinvestment Act of 1977, there has been bipartisan agreement to use government power to expand homeownership to people who had been shut out for economic reasons or, sometimes, because of racial and ethnic discrimination. What could be a more worthy cause? But it led to tremendous pressure on Fannie Mae and Freddie Mac — which in turn pressured banks and other lenders — to extend mortgages to people who were borrowing over their heads. That’s called subprime lending. It lies at the root of our current calamity.

Were there some predatory lenders? Of course. But only a fool or a demagogue — i.e., a presidential candidate — would suggest that this is a major part of the problem.

Was there misbehavior on Wall Street? The wheels of justice will grind. But why wait for justice? If a really good catharsis will allow a return of rationality to Capitol Hill — yielding a clean rescue package that will actually save the economy — go for it.

Capping executive pay is piffle. What we need are a few exemplary hangings. Public hangings. On television. Pick a few failed investment firms, lead their CEOs in chains through the canyons of Manhattan and give the mob satisfaction. Better still, precede the auto-da-fe — fire is highly telegenic — with 24-hour reality-TV coverage of their recantations, lamentations and final visits with the soon-to-be widowed. The ratings would dwarf “American Idol,” and the ad revenue alone would make the perfect down payment on the $700 billion. :

Where are the Ken Lays of this thing?  We have no named executives who are taking a fall.

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Zogby: McCain May Win in Landslide:

September 26, 2008

Jill Terrerri of democratandchronicle.com reports: 

The presidential election might be a tight race now, but one of the country’s top pollsters thinks the race will end in an electoral landslide. 

John Zogby, president of Zogby International, told a group of businesspeople today that it’s up to Democratic Sen. Barack Obama to convince voters to go with him. If he’s not successful, the country will likely vote for “a comfortable old shoe”, that being Republican Sen. John McCain. 

Despite the books Obama has written, Americans are still asking, “Who are you, where are you from?,” Zogby said. 

Let’s go for that landslide

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