The Mother of All Bailouts = The Death of Fiscal Conservatism
Scroll for updates…10:54am Eastern Bush speaking now…bailout will be “grease for the gears”… “we expect this money will eventually be paid back”…HA-HA-HA…
Bush Treasury Secretary Hank Paulson just wrapped up his press conference announcing the Mother of All Bailouts. He said a “bold” approach was needed to achieve “stability” in the market.
Let me translate that.
“Bold” = Massively massive, taxpayer-funded rescue.
“Stability” = Privatizing profits and socializing losses on a scale we have never seen before in our lifetimes.
I have had it with Pollyanna conservatives who continue to parrot the “fundamentals of the market are great!” line.
The fundamentals of the market suck. The fundamentals of capitalism have been sabotaged.
Yes, yes, crony Democrats are to blame for much of how we got here. You don’t need to recite all the talking points back to me. I’ve been writing about the Fannie/Freddie debacle for years.
But it is September 19, 2008. And this is a Republican White House presiding over the Mother of All Bailouts. Every step along the way since stimuluspalooza began last summer, we’ve heard that every bailout step was just a one-off. Each step was supposed to calm the markets. Each new government intervention and allocation of taxpayer dollars was supposed to achieve “stability.” Each new package of goodies rewarding irresponsible behavior and bad financial decisions was supposed to prevent new ones.
None did. And now, here we are.
This is your Bush legacy — not Pelosi’s, not Reid’s, not Obama’s: A ginormous bailout of every last, failing, panicked financial institution’s illiquid assets that may reach into the trillions — TRILLIONS – when all is said and done.
Reader John in Venice, CA e-mails: “Going forward there is no debate a conservative can win when pitted against a liberal wanting to spend money on social programs. What would the argument be against spending money on terrible social programs? Government money does not work? Conservatives who are supporting this welfare bailout are no different than Maxine Waters or Barbara Boxer. We have lost. Conservatism has absolutely no more moral high ground to speak from.”
Fiscal conservatism has been on life support for quite some time. Bush/Paulson pulled the plug permanently today.
***
I mentioned the other day that both presidential candidates from the Evil Party and the Stupid Party support bailing out the automakers next.
Here’s more:
The auto industry and Wall Street took center stage in the presidential race Wednesday when Republican John McCain, after touring a suburban Detroit auto plant, declared in his strongest language so far that he will fight for government loans to help the U.S. auto industry retool.
Democrat Barack Obama’s campaign retorted that he’s late to the game.
McCain made an unscheduled stop at General Motors Corp.’s Orion assembly plant in the morning before joining his running mate, Alaska Gov. Sarah Palin, for a town hall meeting in Grand Rapids.
He told a crowd of supporters in downtown Grand Rapids that the economy can be fixed.
“I reject the doom and gloom that says our nation is in decline, because our best days are ahead of us. We will restore America, we will restore this economy,” McCain said.
At the GM plant, McCain spoke to about 100 workers after a short tour.
“I’m here to send a message to Washington and Wall Street: We are not going to leave the workers here in Michigan hung out to dry while we give billions in taxpayer dollars to Wall Street,” McCain said. “It is time to get our auto industry back on its feet. It’s time for a new generation of cars and for loans to build the facilities that will make them.”
McCain’s support of the auto industry on Wednesday contrasts with his position last month when he visited the GM Tech Center in Warren and said he wasn’t inclined to support loans for the auto industry.
McCain, who also did not vote on the energy bill creating the loan program in December 2007, said then through his campaign that his proposals — a $5,000 tax credit for consumers to buy more efficient models and a $300-million prize for battery technology — would accomplish the same goals as the loan program.
Auto industry officials said they believed that without McCain’s support, the funding would get labeled a Democratic ploy. Michigan’s Republican lawmakers, especially U.S. Rep. Fred Upton, are credited with convincing McCain to back the loans.
Obama has backed up to $50 billion in loans for automakers.
***
Here’s Jim Pethokoukis’s take.
Hans Bader at OpenMarket.org: Trillion Dollar Bailout Will Lead to Future Bubbles. Read it all.
***
Update 10:54am Eastern: Bush speaking. He says the bailout will be “grease for the gears”…”we expect this money will eventually be paid back”…HA-HA-HA.
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“[W]hy would anybody be such a fool as to introduce, into the debate about what we should do now, arguments about what we should have done before?”
–Orson Scott Card,
This is a quote, I usually reserve for Liberals and Democrats.
I guess, it can also be applied to so-called “right-wing bloggers”
“Coulda’…Woulda’…Shoulda’”
no…it is you, once again, proving to be the idiot who would forget to breathe if it was not a reflex action.
Since the Dems “swept” into office in 2006, unemployment has tanked, the economy has tanked, the banks are being bailed out etc.
ALL of this has occurred in the last two years.
At least look at some news if you are going to open that festering gop of yours.
This could be the event that gets Obama elected I fear.
People, please. This is NOT a Democrat issue and it is NOT a Republican issue. This is a CRIMINAL issue. Both parties are fleecing you, and the only choice you have is to vote one or the other of them into office over and over again.
Let them “fix” this mess. The same group of looters who created the real estate bubble, and the y2k bubble before it, will go out and create a new bubble that the taxpayers’ government can come along and “fix” again 10 years from now. The looters will continue to get rich, you will continue to work longer hours and feel the squeeze.
On Michigan: Michigan was ruined by its governance, the managers of the auto companies, and the unions combined. They are all complicit. The unions insist on paying a button-pushing assembly line worker $40/hour. The managers approve it because it means they can, under the socialistic “the top managers can be paid no more than x times the lowest paid worker” scheme, pay themselves more. The government wanted the income tax dollars. Only problem was, they couldn’t produce a good product under this scheme and the Japanese came along and took their market away. Who wants to spend the outputs of their hard work to help the perpetrators of this type of crime?
What we are dealing with here is a systemic, cultural problem exacerbated by a lack of strong conservative (libertarian, pro-American, Judeo-Christian) leadership.
Of course this country is worth fighting for, it’s all we’ve got. But we have to clearly define the problem we face and put partisanship aside.
BTW, Obama is NOT the answer but he will probably win. Take it as a saving grace his mandate won’t extend much beyond the socialistic moves that are already in motion, so much the damage he will do has already been realized.
Michigan isn’t the only one suffering. Try Upstate New York, the forgotten region that both Senators Chucky Schumcky Schumer and Shrillary have forsaken. It keeps losing jobs not creating them. Many industries departed because they didn’t evolve such as Kodak and I think that the auto industry is suffering for its overcompensating labor agreements and complacency.
I sympathize with the plight of those in Michigan. However, I don’t blame the auto indsutry for shipping jobs overseas when they couldn’t compete because of labor overcompensation. Union workers are being paid WAY TOO MUCH. How much? Some deals had workers earning well over 100k. Not sure that kind of compensation is what I would like to pay for as a consumer of a product like Ford’s SUV’s which in some instances go caput without any explanation. That’s why there’s a great abbreviation for Ford that both my husband and I experienced personally: Found On the Road Dead.
The problem is that there are folks in Michigan waiting for jobs that WILL NEVER come back. The problem with the auto industry is that it can’t compete with the rest of the world. The problem with the workforce is that they have grown used to being overcompensated for skills that aren’t worth that much overseas. Labor unions took the auto industry for a ride and companies like GM and Ford cannot continue on this path. That’s WHY the factories are standing idle.
I do not agree with throwing taxpayer money at retooling. Sometimes, unfortunately, industries fail and the more you prop them up the more, in the end, they will sting local communities when they inevitably do not survive.
If people do not adapt to hard times, those people will not be able to raise themselves up. I’ve seen my father work in multiple industries and adapt when they fail and go belly up. After the Navy, my father was an assembly worker for a now defunct gunmaker named Ithaca Gun. When it went belly up, he trained as a steamfitter/plumber and went to work for Cornell U. where he worked until he retired. What I’m getting at is that people should not be waiting around for jobs that aren’t coming back. They’ve going to have to retrain and do something else. That might also involve moving to a state that needs skilled autoworkers like in Tennessee. This might sound unfeeling, but things don’t last forever, even careers. I learned this when I stopped kidding myself that I would ever find a teaching job as a military spouse. The two are simply incompatible. So, I had to go back to the private sector and find something else that actually compensated me more. I’m used to moving and adapting and it sucks but it’s part of life and the more people resist change the more they will suffer for that lack of adaptation.
This kind of emotional blindness, respectfully, is killing our economy. There are many Americans who think that they’re now “entitled” to factory jobs. Yes, I know that many Americans will never go to college but unless we can rework the framework between companies and labor to bring those jobs back, no amount of crying about it will make it so.
IR, I sympathize but we cannot ignore the reality of the situation. There is nothing for me in Upstate New York because no one ever took the steps to economically develop this sector (such as politicians). I’ve seen countless farming families go belly up because, let’s face it, they live and die by the elements. Good crop season= making a profit. Bad crop season= you’re in debt. These kind of economic cycles made small farming families more vulnerable to competition by larger corporate farms. I don’t like that reality but it’s there. Perhaps, with the onset of “echo friendly farming,” there are some small farms making a comeback.
There is just nothing for me in Upstate New York. It’s an economic dead zone for professional people in their 30’s. Unfortunately, with high taxes and incompetence to changing realities, it looks like the East Coast will be facing similar hard times.
We Americans need to take stock and make adjustments. Perhaps, not continually voting for Dems who raise your taxes and make your life harder so that they can profit it off of you is a start.
Sorry for the length….
Where is George Soros in all of this??
[edit] Currency speculation
On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England was forced to withdraw the currency out of the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.”
The Times of Monday, October 26, 1992, quoted Soros as saying: “Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.”
According to Steven Drobny,[12] Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. “Soros’ contribution was pushing him to take a gigantic position,” in accord with Druckenmiller’s own research and instincts.
In 1997, during the Asian financial crisis, then Malaysian Prime Minister Mahathir bin Mohamad accused Soros of using the wealth under his control to punish ASEAN for welcoming Myanmar as a member. Later, he called Soros a moron.[13] Thai nationals have called Soros “an economic war criminal[14]” who “sucks the blood from the people”.[15]
Anyone make their 20 calls for McCain/Palin (or Palin/McCain)? Just made some — fun, easy, interesting.
Go to http://www.johnmccain.com and register, then http://www.johnmccain.com/phonebank.
I think the names they give you to call are undecideds. Got mostly answering machines. 1 hang-up. Surprised at how many people are still undecided. (I’m in Florida.)
Going to see Sarah speak tomorrow!
Whoops! Posted in wrong thread
Meant to post in Open Saturday…
(NOTE: I have NOT read above posts)
A small request: PLEASE DO NOT FLAME WITHOUT CONSIDERATION.
I DO understand “in theory” the aspect of why this (as commonly known) “bailout” is INDEED a bad idea.
FAIR ENOUGH.
PLEASE recognize, however, that without this “bailout,” an Obama “win” IMHO would almost have been guaranteed - and that, with a Democratic Congress (to whatever degree…vetoproof or whatever…), would be potentially even more disasterous for America.
I welcome all reasonable thoughts as to why this might not be the case…but just for discussion.
Thanks.
Michelle, as I understand it Paulson and Bernanke told the Pelosi and Schummer gang in that meeting Thursday that there was a chance ATM machines may not have cash if something is not done.
The ability to attain cash, even for banks could have been compromised.
If that is the case, and there is reason to believe it’s true then chaos would have prevailed.
You could have expected runs on banks as well as runs on retail, grocery etc.
Panic would have caused riots in select urban locations.
Call it what you want, death to conservatism, whatever, but this was a close call.
The immediate cause was short selling, organized short attacks on select financial institutions. That had to stop and the Administration did it.
As for AIG, it’s an $85 billion line of credit but the company wants to stay whole and may only draw half that. The rest will be paid back. Yes, paid back because the shareholders have a stake they don’t care to lose.
Fannie Mae, McCain warned in 2005 that it was being run into the ground. Barney Franks and the dems including Obummer looked the other way because they were being greased.
The true cause of the entire sub prime mmess goes back to a little of Clinton and alot of Barney Franks. They wanted to see everyone own a home.
Preasure was put on these lending institutions to suspend credit requirements. Facing threats of fines they bent their own lending rules. Too many of these would be homeowners got ahead of their ability to pay the mortgage.
Who’s fault is it is not really the question now, the question is how to restore order.
Some strict market people hate this but the alternative was blood in the streets and a potential for social breakdown.
I applaud the Administration for acting.
Now we have to hope the Dems don’t pile their pork on the President’s plan.
The fact that Obama got a small boost in the polls this week is amazing .The week that it comes out that he tried to stall the troop pull out till after the election while in Iraq and now the bailout … and the small % of undecided have been conned into thinking this is a Bush deal . Boy these people are not too smart … even more amazing how much dumber the rest of the solid Obama supporters must be .
On September 20th, 2008 at 11:32 am, franksalterego said:
I love Card’s work (especially the Ender’s series), but in this case I think his quote is misapplied.
It is important to know what was done yesterday so that the same mistakes are not repeated in the future.
This bailout is a much larger (and hence, far more evil) version of earlier mistakes.
No, you are lying Michelle…Next time when Bush makes another completely non-conservative move you will be having loads of praise for it just because you happen to agree with that policy.
And even you are a contributor to shutting down conservatism by your support for various other non-conservative policies put forth by few poweful house/senate republicans.
Examples? When has Michelle EVER agreed with the spendathon policies of the Bush administration? Geez… leash the rage, Dude.
Examples? What the hell are you talking about?
Fireblogger,
You’ll never see the end of bad behavior from the Dims or the Rips if we continue to reward their larceny and absolve their responsibility through bail-outs and victimhood-based excusitis.
I don’t want to see blood in the streets, ever. The good thing is, I don’t think we were actually all that close to having that happen this last week. We are far more likely to see blood in street 5-10 years from now when, burdened with high, high taxes to pay these liabilities and to cover the expense of entitlements for baby-boomers, younger workers revolt.
We have to fundamentally change our ways now, or things are going to get very bad. Neither political party is addressing the fundamental issues at play here – failed market manipulation, cultural erosion, industrial breakdown, people’s abandonment of education – ,rather they are all content to focus on BAU (business as usual).
If you can’t tell, I’m passionate about this topic
Rocky,
Amen, and this is why I am passionate about keeping the White House in the hands of Republicans.
I refuse to believe the polls that have Obummer in the lead. I understand our cities are gone but the South and Heartland are way too close.
Are so many Americans so gullible?
Where did we get that far off track?
I don’t have the answer on this one, but here are some of my ideas:
1.) Our broken education system – our children are indoctrinated at a very early age by very liberal, socialist thinkers who run our classrooms. The State leaves most of us little choice but to put our children through this mess as they force us to pay for it through high taxes and because school is compulsory.
2.) Our propagandist media – the left owns the MSM, this is not a veiled truth any longer. The right owns talk radio. Neither side reports unbiased news. One either consumes one or the other viewpoint. The right isn’t as sophisticated as the left in their slant. We tend to be a little blunt. If one rejects the slant of the right, they will turn to the indoctrination of the left.
3.) Hollywood – most young people don’t pay attention to current events (I had a couple of 20-somethings recently express surprise to learn that McCain was a POW – they had NO idea). However, almost every young person watches movies and/or TV. These entertainment outlets are overwhelmingly leftist. Unfortunately, many young thinkers don’t know how to distinguish between entertainment and fact. Why have Al Gore and Michael Moore been so successful?
4. The Church – from catholic pedophilia to evangelical money-changers, the church has let us down. The tenants of Christianity are every bit as relevant today as they have ever been. However, it is very hard for many people to trust organized religion after a string of scandal. Traditionally, the church has played a very important role in preserving cultural mores of individual responsibility and distrust of big government.
Ignorance + Apathy = Breakdown
Hi everyone. Republicans haven’t been fiscal conservatives for at least 30 years now. Welcome to awareness. Anybody feel like taking any responsibility for sending a lying idiot to the White House?
No?
I thought not.
Very well said, especially point #2 on propagandist media at both left and right. I woudl add point #5 – Laziness or stupidity from people on now doing their homework.
One intervention into the market begets the next. The Fed tried to engineer a soft landing from the bursting of the tech bubble, and we got the housing bubble, the bursting of which has given us the current financial crisis. What crisis will today’s intervention bring somewhere down the road?
To quote Hayek
1) The “bust” is not the sickness; the “boom” is. The 20’s was one big drunken party financed by an inflationary monetary policy which was inherently UNSUSTAINABLE. The Fed did the right thing by putting the brakes on the credit train. If the market had been left to its own devices, as it had been in every single previous depression, including the depression of ‘20-’21, which began every bit as ominously as the ‘29 meltdown, the fundamentals would have reasserted themselves. But Hoover had other ideas.
2) You see, Hoover was an interventionist. Nearly all of FDR’s so-called “New Deal” anti-depressant programs were simply retreads of Hoover’s failed policies. He was immensely pro-union and anti-laissez faire. Hoover propped up both wages and prices, enlisted labor in “make work” projects and paid out welfare and unemployment benefits on a scale theretofore not seen in America. And what did he accomplish? That’s right: the same thing FDR’s New Deal accomplished – he made things worse.
FDR’s celebrated New Deal dug the country into a deeper hole than the one he tried to dig them out of. Only the full mobilization of the war economy brought modest improvements to the US economy. That, together with the destruction of virtually the entire industrial base of the rest of the world made America’s prosperous post-depression era possible.
BTW, socialism was indispensible to American prosperity? Hardly. Always remember: Socialism is not an economic system, but the lack of rational economy.
This was a big problem too:
The Smoot-Hawley Tariff Act (sometimes known as the Hawley-Smoot Tariff Act)was an act signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels. In the United States 1,028 economists signed a petition against this legislation, and after it was passed, many countries retaliated with their own increased tariffs on U.S. goods, and American exports and imports plunged by more than half. In the opinion of most economists, the Smoot-Hawley act was partially responsible for the severity of the Great Depression.
On September 20th, 2008 at 11:15 pm, Digshot said:
All politicians are liars and idiots. They are also kleptocrats and corrupt scumbags. Bush is a politician. Kerry is a politician. Gore was a politician.
The reason we have this particular idiot and liar in the White House is because the other two were bigger idiots and liars, with a huge dash of collectivist evil and a sprinkling of pacifistic appeasement.
Maybe your “party” should nominate JFK style democrats instead of a communist community agitator (Obama), a dirty old hippie who hates the military and marries for money (Kerry), and a dorky slow-talking retard concerned with imaginary threats like global warming that makes him want to abolish the combustion engine (Gore). And let’s not even get started on Cigar Man.
If your party stopped actively pursuing the destruction of the United States and nominated sane liars and idiots, maybe we wouldn’t be in this situation.
Care to take responsibility?
No?
I thought not.
Good point! What are hard-working, tax-paying and patriotic Americans going to do about this “catch-22″, which politicians are exploiting to sell-out America to enemy for any petro-dollar or a peso?
We’ve only got two choices for POTUS this election, sorry Ralph. McCain is competent and Obama is unthinkable. So let’s go vote.
Sorry if someone has already brought up this point, but I forgot where I left off reading the massive no. of posts to this topic.
Did anyone see Judge Andrew Napolitano on FOX the other day, fuming about these bailouts? He said they were unconstitutional and cited the passages where govt. was forbidden to get involved with biz entities. He said if anyone challenged these bailouts that the fed govt. would lose.
Ron Paul? Bob Barr? Anyone? (crickets chirping)
307:
Actually, Mojave Mark…there is only one candidate who deserves to be elected: Bob Barr. McCain and Obama is not a choice.
Obama’s “Lehman Leap” just may have put an end to this election. I bet he wishes he went with Mitt Romney.
Who Really Runs Obama’s Campaign, and What is Their Agenda?
My last link is not directly related to this post, but is most certainly indirectly related.
If I am correct, Vladimir Putin and certain Communists in this country had foreknowledge of 9/11, and are actively exacerbating the current financial situation in order to make an even bigger power grab in the US Government.
President Bush, I pray for you to have a spirit of discernment that can see clearly who among your advisors (and members of Congress) is trustworthy, and who is trying to deceive you.
Here’s a hint: Don’t trust Paulson, Schumer, Reid, Pelosi!
In my opinion it appears that they are all domestic enemies of the Constitution of the United States.
Please don’t be deceived.
Awww… Isn’t that cute!? And here I was, thinking “irony” was dead “on the Right”…
For the irony-impaired; it is precisely Bush’s LACK of discernment that allowed this catastrophe’s environment to take root and fester in the first place. Looking to Bush, of all people, for leadership in this time of crisis is to willfully disregard his “performance” over the past eight years. And you wonder why Bush-BFF McCain and his Wild Arctic Tootsie Pop are such a laughable choice for the Right to have made – do you REALLY want four more years of THIS?!
Where is George Soros’ hand in all of this. Obama’s money man????
He brought down the Bank of England…
On September 21st, 2008 at 4:11 pm, reshas1 said:
Soros is most definitely involved. Sure, the problem originated as a result of what Bill Clinton did in his administration, and grew worse with time, but the pulling of the right strings to create a panic right now is the doing of George Soros. They are trying to manipulate President Bush and the Congress into signing a massively Socialistic bill, and then blame the Republicans in the process.
Why are some companies being saved, and otheres forced to go bankrupt? Who is deciding who gets saved and who doesn’t? In my opinion, the people who have controlled Goldman Sachs are ultra-left, and have been working to “take out” competitors owned by Republicans.
JP Morgan Chase got all of the assets of Bear Sterns for a firesale price…who were the winners and who were the losers? The owners of JP Morgan Chase (some of whom are part of the Trilateral Commission) won big, while the former owners of Bear Sterns, along with US taxpayers, lost big.
Now, who wanted to see Lehman put out of business, and why?
There are very evil forces at work in the world right now.
It’s interesting to me how many different very diverse groups think we are living in the “last days”…
In these end times, it is essential that you know the truth.
Islam, and those who follow Mohamed, who enjoyed murder and rape, is a religion based on violence. A religion where allah wants you to murder in his name. The 12th Imam, which about half of Islam look for, is hidding in a well.
Eckhart Tolle is a New Age religion where you can find god within yourself, or the old lie of you can be as G-d.
True Christianty where individuals accept G-d’s gift of love when he died for human sin will be seen through Christ rather than standing by themselves unclean with sin come judgement day.
The secular New World Order does not believe in sin, morality, or borders. Therefore, homosexual marriage is OK, abortion as a form of birth control is OK, Christianty is hate speech, and the Constitution of the United States is bad, because it reads G-d given rights, not what the State gives is all powerful.
Strange indeed, that the world would rather follow a lie, refuse to repent of thier sins, and await an Anti-Christ to usher in the New Age.
This stimuluspalooza is like the plant in “Little Shop of Horrors“:
The more blood (in this case, money) that you feed it, the bigger it grows and the more blood (money) it demands.
Top Drudge Headline right now:
On September 21st, 2008 at 6:51 pm, ITookTheRedPill said:
Oh for the love of God. Time to buy gold. The dollar will be worthless when this goes through.
In all seriousness, what is the best way to buy gold?
(I’ve never bought gold before)
Is e-gold a good way to go?
This is off the subject, but I see where Fox News is already spinning a possible Obama loss by blaming it on a huge amount of the population being racist against blacks.
On September 21st, 2008 at 11:04 pm, Misscheryl said:
That is exactly how:
want the loss explained.
Then, they will riot. Make no mistake about it. Obama is even caught in You-Tube clips talking about the long brewing “Quiet Riot”.
Just some reminders:
I believe that we are all one race.
On September 21st, 2008 at 11:04 pm, Misscheryl said:
That is exactly how:
want the loss explained.
Then, they will riot. Make no mistake about it. Obama is even caught in You-Tube clips talking about the long brewing “Quiet Riot”.
Just some reminders:
I believe that we are all one race.
So who is the unifier, and who is being divisive?
Beleiving, as I do, that we are all one race unites us.
While the hustlers of “Black Liberation Theology” use race to divide us.
And then they lie and say that they are the uniters while those who don’t accept their unBiblical doctrine are being “divisive“.
Sorry for being Off-topic, but Misscheryl’s comment got me worked up. I am so tired of these liars and their willing accomplices in the MSM.
I guess this isn’t so off-topic if you realize that the election of Obama would be the fulfillment of Malcolm X’s dream, and would be “the death of fiscal conservatism” along with “the death of all things conservative”.
Fortunately, Obama will lose, because the ACORN corruption and other corruption will continue be exposed, prosecuted, and prevented.
And those who riot can be jailed for violating the Smith Act, while Obama is (at a minimum) thrown out of office for violating section 3 of the 14th Amendment.
Personnaly, I’m disgusted by it and though I saw it last night on Geraldo (whom I never watch), I had seen it a couple times prior on Fox.
It was headlined on Fox and I’m truly disapointed they have stooped to this. There has been a lot of talk by them over the past week about how Obama cannot win simply because he’s black.