Friday, September 26, 2008

NOT a free market failure!

The enormous risk that Sen. McCain warned of in 2005 has now become a financial crisis of staggering proportions. That crisis can trace its roots to Bill Clinton's signature on legislation making it easier for minority constituents with bad credit to obtain mortgages. In 1995, he had his Treasury Secretary, Robert Rubin, rewrite the lending rules for the Community Reinvestment Act, opening the flood gates of mortgage lending to unqualified borrowers. This legislation, in effect, applied affirmative action to the lending industry, which is to say that the current crisis is NOT a "free market failure" but the result of socially engineered financial policy by the central government. -- Mark Alexander, PatriotPost.us, 9/26/08

Patriot McCain

I'm not running for president because I think I'm blessed with such personal greatness that history has anointed me to save our country in its hour of need. My country saved me... and I cannot forget it. And I will fight for her for as long as I draw breath, so help me God. I'm going to fight for my cause every day as your president. I'm going to fight to make sure every American has every reason to thank God, as I thank Him: that I'm an American, a proud citizen of the greatest country on earth, and with hard work, strong faith and a little courage, great things are always within our reach. Fight with me. Fight for what's right for our country. Fight for the ideals and character of a free people. Fight for our children's future. Fight for justice and opportunity for all. Stand up to defend our country from its enemies. Stand up for each other, for beautiful, blessed, bountiful America. Stand up and fight. We're Americans, and we never give up. We never quit. We never hide from history. We make history. Thank you, and God bless you, and God bless America. -- John McCain, concluding his 2008 nomination acceptance speech

And the darkness comprehended it not

[Sarah Palin is]... the object of the cultural disdain of a left that loves the working class in theory, but is mystified or offended by its lifestyle and conservative values in reality. -- Rich Lowry

Faults and Potentials

Poverty is the default human condition... The interesting question isn't 'Why is there poverty?' It's 'Why is there wealth?' Or: 'Why is there prosperity here but not there?' At the end of the day, the first answer is capitalism, rightly understood. That is to say: free markets, private property, the spirit of entrepreneurialism and the conviction that the fruits of your labors are your own... -- Jonah Goldberg

Facts vs Politics

Obama is being hailed as the newest and freshest face on the American political scene. But he is advocating some of the oldest fallacies, just as if it was the 1960s again, or as if he has learned nothing and forgotten nothing since then... But politics is not about facts. It is about what politicians can get people to believe. -- Thomas Sowell

What Krushchev Knew

We can't expect the American people to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism. -- Nikita Khrushchev on Roosevelt's "New Deal" paradigm

Election Day Fowl

A taxpayer voting for Barack Obama is like a chicken voting for Colonel Sanders.

Miracle Ma(r)x

As economist Irwin Stelzer noted in his London Daily Telegraph column, "Moses made the waters recede, but he had help." Obama apparently works alone. -- Charles Krauthammer