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The House is currently debating the federal debt ceiling increase to $14.3 trillion. (The Senate, with every single Democrat voting in favor, adopted the debt limit increase last week.) These measures are on top of two other debt limit increases over the last year (including one adopted in the dead of night over [...]

The final vote in the Senate on the Federal Reserve chairman’s re-nomination this afternoon was 70-30.
Among the Republicans supporting Ben Bernanke: Alexander, Barrasso, Coburn, Cochran, Collins, Enzi, Graham, Gregg, Hatch, Kyl, Lugar, McConnell, Murkowski, Voinovich, and Snowe.
Seven Senators switched their votes after voting for cloture (the procedural vote was 77-23).
Via The Hill’s Jordan Fabian, [...]

Eeenteresting. About a week ago, the SEC agree to cover-up bailout documents for AIG until 2018. The documents relate to the backroom bank bailout payments at top dollar to AIG counterparties — which know-nothing Tim Geithner was grilled about today on the Hill. The leak comes as Fed Chairman Ben Bernanke heads to the Hill [...]

“You gave lame excuses then, you are giving lame excuses now.”

Hard for me to suppress a snort. But here it is: John McCain — who supported the $700 billion TARP bailout, the $25 billion auto bailout, a $300 billion mortgage bailout, and the first $85 billion AIG bailout – has grandiosely announced that he will oppose Federal Reserve Chairman Ben Bernanke’s second term:
“Our country is [...]

The question isn’t why Sarah Palin is helping John McCain. The question is: What are you doing to stop him from cementing his Big Government Republican legacy?
***
Conservatives: Beware of McCain Regression Syndrome
by Michelle Malkin
Creators Syndicate
Copyright 2010
Pay attention: In the afterglow of the Massachusetts Miracle, there are flickers of peril for The Right. I hate to [...]

After engaging in mind-boggling acts of non-stop generational theft over the past year and blowing through the debt ceiling during the Christmas holiday, the White House and Democrat majority have unveiled a phony plan to “solve” the red-ink disaster they helped create by kicking the can to a toothless panel.
GOP Sen. Judd Gregg calls it [...]

Phony fruits from a phony administration.

Photoshop/CoC card set credit: Tennyson Hayes
It’s not quite the Mother of All Distractions, but it’s up there. Maybe the First Cousin of All Distractions.
The White House unveiled its ballyhooed $90 billion plan to punish banks with a “Financial Crisis Responsibility Fee” this afternoon. It’s faker than the fake garden vegetables the First Lady served [...]

A fiscal conservative shot heard ’round the world on March 25, 2009:

Would that we had more like him on our side of the pond.

I discussed the Time Magazine man of the year, Fed chairman Ben Bernanke, on Fox and Friends this morning. In sum: Failure has never had such rich rewards. Via the Mises Institute, here’s a video compilation of his spectacular wrong-headedness about the housing bubble and the state of the economy over the years.

Here’s GOP Sen. [...]

The federal porkulus bill contains $6 billion for something called the “Neighborhood Stabilization Program” to combat blight. The money is being dispensed to to state and local housing authorities and non-profit organizations across the country under the guise of community service and economic redevelopment to clean up and purchase foreclosed homes.
There has been little scrutiny [...]

Baltimore’s mayor is a corruptocrat.
Baltimore’s ACORN thugs break into houses with impunity.
Baltimore crime is out-of-control.
Baltimore’s schools are a mess.
So, what is the city doing to take responsibility for its ills and fix them?
They’re suing Wells Fargo:
A federal judge suggested Monday that he might restrict the scope of a first-of-its kind lawsuit filed by the [...]

Meow.

I noted Barney Frank’s cave-in to CBC demands for a $6 billion payoff on the House Dems’ financial industry power grab yesterday.
Well, the “reform” package passed this afternoon 223-202 with all Republicans and 27 Democrats voting no.
The roll call vote is here.
Democrat Rep. Barney Frank’s counterpart in the Senate, corruptocrat Sen. Chris Dodd, is shepherding [...]

Cue up “Do the Hustle.” Looks like the extortionists of the Congressional Black Caucus got their way.
Last week, I noted the CBC’s efforts to squeeze bailout money from the Democrats’ financial “reform” package for minority-owned businesses — specifically, the failing radio/media empire of former Malcolm X lawyer and Air America/Jesse Jackson/Al Sharpton/Charlie Rangel crony Percy [...]

I know this is a futile battle. Not sure why I keep trying to fight it. I can’t help it. So, here I go again.
In January 2008, I lambasted the bipartisan “victim politics of foreclosure” and the disappearance of the stigma attached to defaulting on your mortgage.
A refresher:
From President Bush to Hillary Clinton, Barack [...]

Corrupt-o-twin powers, activate! L: Rep. Maxine Waters; R: Rep. Laura Richardson
Readers of this blog are quite familiar with the corruption scandals involving California Democrats Maxine Waters and Laura Richardson.
Back in March 2009, I spotlighted Waters, her husband, and their smelly involvement with minority-owned bank called OneUnited.
And dating back to May 2008 through July 2009, [...]

At the annual American Banking Association conference this weekend in Chicago, the SEIU army spearheaded an angry mob protest against major financial institutions who have taken federal bailout funds.
It was the usual left-wing Kabuki theater. If the protesters were sincerely mad about the government bailouts, they’d be yelling on Capitol Hill and in front of [...]

Whenever I have noted illegal alien mortgage fraud over the years, I’ve been smacked with the RAAAAACIST card.
Wonder if the Inspector General for Tax Administration is going to get mau-mau-ed by the open borders lobby, too.
Shhhhhh:
The rush to implement a tax credit for first-time home buyers opened the program up to potential fraud by people [...]

Oh, crikey. I’m cramping up.
From.
Laughing so hard.
Ouch. Ow. Stop the pain!
The administration’s new two-pronged initiative, operating under a law passed by Congress last year, will consist of a bond purchase program to support new lending by these agencies, and a temporary credit and liquidity program to boost agency access to credit sources for their existing [...]

You. Have. Got. To. Be. Kidding. Me:
President Obama on Wednesday attempted to preempt the announcement that Social Security recipients will not get an increase in their benefit checks for the first time in three decades, encouraging Congress to provide a one-time payment of $250 to help seniors and disabled Americans weather the recession.
“One-time payment” [...]

The Naked Emperor revisited.

There is no such thing as a temporary entitlement.
There is no such thing as a temporary entitlement that ever costs less than the government estimates.
To wit: Here is yet another shining example of Obama “efficiency” that tells you all you need to know about Obamacare projections and promises:
When Congress passed an $8,000 tax credit for [...]

“Reckless.”

Last year, I introduced you to self-proclaimed bank terrorist and housing entitlement shakedown artist Bruce Marks of the Neighborhood Assistance Corporation of America (NACA). Reminder:
Over the years, as part of his permanent campaign to browbeat banks into giving fair loans to low- and moderate-income people, Marks and his yellow-T-shirted followers have swarmed shareholders’ meetings with [...]

Egad, hasn’t he done enough damage already?
Apparently not. Via the Boston Globe, Rep. Barney Frank can’t wait to meddle even more in the marketplace. Keep an eye on the grabby hands:
As chairman of the House Financial Services Committee, Frank is busy assembling a complex bill to give the federal government unprecedented control over the country’s [...]

The nutroots were quite upset with George Stephanopoulos for inviting me on his This Week roundtable. They piled on him on Twitter. And even Paul Krugman tried to stir up lefty ire.
God forbid a non-establishment, non-Beltway-certified “acceptable” conservative have a voice in a mainstream forum!
Unlike Matt Lauer, Stephanopoulos wasn’t compelled to play “beat the clock.” [...]

Regular readers are familiar with Democrat deadbeat Rep. Laura Richardson. (See here for all previous posts.) She’s the Democrat congresswoman who defaulted six times on her home loans and has left a trail of unpaid bills in her wake.
Well, finally, finally, her Sacramento foreclosure scandal is now the subject of a House ethics probe. Via [...]

Of course, it’s all Bush’s fault:
The U.S. economy is not only shedding jobs at a record rate; it is shedding more jobs than it is supposed to. It’s bad enough that the unemployment rate has doubled in only a year and a half and one out of six construction workers is out of work. What [...]