Thursday, February 2, 2012

Barack Obama - #3621 - Rush Limbaugh: Obama Mortgage Plan Demonizes Banks in Preparation for Run Against Romney (2) Republican Establishment Strategic Blunder - American Thinker (3) Thomas Sowell: The Florida Smear Campaign - Townhall

Obama was in Falls Church today -- in his speech today President Obama says the government's gonna spend at least $10 billion refinancing everybody's mortgage without doing any credit checks. Nobody's gotta prove anything to anybody. He also said -- I've got the sound bites coming up -- he also said banks and lenders must be held accountable for ending the practices that helped cause this crisis in the first place. So it's like we're back in 2009, and Obama has never been in office, and we're back now to the subprime mortgage being the fault of the banks. Predatory lending tricked people into taking out loans that they couldn't pay back. The banks did that, don't you know. These banks, they targeted these poor people and they targeted these minorities. How smart is that? If you run a bank, and you want to trick people into borrowing money, you go trick people that can't pay you back. How smart is that when that's one of your primary income streams. Then you say, "Yeah, well, we're gonna trick these people into taking out these loans. Then what we're gonna do, is we're gonna package these loans into some new product called a mortgage-backed security, and then we're gonna sell these things to whatever saps we can find." Why would they do that if they weren't told to do it? .  So what is Obama gonna do now, go trick these same people into refinancing their loans?  Read more.........


Republican Establishment Strategic Blunder - American Thinker -  The Republican Party has a tenuous hold on the conservative movement in America. At present the only home for the 40 per cent of the electorate that identify themselves as conservative is the Republican Party, but it appears that those who are nominally identified as the "Republican Establishment" are doing all they can to alienate the vast majority of the current base of the Party.  There is no office on Connecticut Avenue in Washington with a sign reading "The Republican Establishment" or the "The Democratic Establishment"; rather it is an amalgam of like-minded groups with one common interest: control of the government purse-strings.  Read more........  Article Contributed by Steve Peters.


Thomas Sowell - The Florida Smear Campaign - Townhall -  The Republican establishment is pulling out all the stops to try to keep Newt Gingrich from becoming the party's nominee for President of the United States -- and some are not letting the facts get in their way.  Among the claims going out through the mass media in Florida, on the eve of that state's primary election, is that Newt Gingrich "resigned in disgrace" as Speaker of the House of Representatives, as a result of unethical conduct involving the diversion of tax-exempt money. Mitt Romney is calling on Gingrich to release "all of the records" from the House of Representatives investigation.  But the Wall Street Journal of January 28, 2012 reported that these records -- 1,280 pages of them -- are already publicly available on-line. Although Speaker Gingrich decided not to take on the task of fighting the charge from his political enemies in 1997, the Internal Revenue Service conducted its own investigation which, two years later, exonerated Gingrich from the charges. His resignation was not due to those charges and occurred much later.  Read more.........  Steve Peters Commentary:  On Tuesday, Romney attained a hollow and costly victory in Florida. His candidacy and message were so unappealing to the base, it required him to outspend Gingrich 5 to 1. The conservative base is turned off by Romney's chosen path to become the GOP standard-bearer in the general election against Obama. The piling on and circling the wagons by the GOP establishment on behalf of Romney has further eroded the enthusiasm of the conservative base needed to win in the general election. The base is energized to vote against Obama, but not for Romney. On November 6th, Americans go to the polls in the most important election in our nation's history. Unless Romney convinces the conservative activists he is worthy of their critical work required in the political trenches to win the general election, he will likely lose to Obama.





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