The mortgage crisis was government driven from the start and many years in the making.

The Origins of the Mortgage Crisis

by Kurt Vangsness on Thursday, October 14, 2010 at 9:02pm ·

The mortgage crisis was government driven from the start and many years in the making. FDR helped to create Federal National Mortgage Association (Fannie Mae) as part of the New Deal and Richard Nixon chartered the Federal Home Loan Mortgage Corporation (Freddie Mac) in 1970. Then the Community Reinvestment Act was passed in 1977 to prevent "redlining" by banks of low income neighborhoods.

The Clinton Administration instructed Fannie and Freddie to increase the number of risky mortgages in their portfolio from poor and minority communities. HUD Secretary Cuomo helped to facilitate a mandate to fund poor families with down payments and low interest mortgages, which amounted to "affirmative action" lending. Also, community activist groups like ACORN harassed banks and bank executives as well as threatened action under the CRA if the banks didn't make more money available to poor neighborhoods.

Then starting in 2000 various members of Congress and other outside groups called for stricter regulations on Fannie and Freddie, but many other members of Congress, predominately Barney Frank, Chris Dodd, etc. said there was no problem and threatened to block any stricter regulation of the two GSE's (Government Sponsored Entities).

See: Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
http://www.facebook.com/note.php?note_id=60838741791

From an interview with Barney Frank, the Boston Globe reported the following (see link below):

"Frank, in his most detailed explanation to date about his actions, said in an interview he missed the warning signs because he was wearing ideological blinders. He said he had worried that Republican lawmakers and the Bush administration were going after Fannie and Freddie for their own ideological reasons and would curtail the lenders’ mission of providing affordable housing."

Fannie and Freddie were exempted from Sarbanes Oxley reporting rules. The Democrats also threatened to filibuster any legislation designed to place stricter regulations on Fannie and Freddie in the Senate. When it was clear executives at Fannie and Freddie were guilty of accounting fraud to the tune of $200 million, no one went to jail. A number of the executives like Franklin Raines and Jamie Gorelick were former Clinton Administration officials and James Johnson was a Democratic Party Operative, so that had friends in high places who protected them.

Meanwhile, Fannie and Freddie continued to amass large portfolio's of mortgage debt, which were then securitized via Wall Street into CMO's (Collateralized Mortgage Obligations). Per Edward Pinto, a former executive at Fannie, starting in 1993 Fannie often misrepresented mortgages which were subprime in nature, as prime when the mortgages were securitized.

This was due to Congress wanting Fannie to pass its lower cost of funds (due to it's de facto Government backing) on to the consumer, i.e., in the form of lower interest rates on mortgages to borrowers. The problem is that Fannie can't give out a "below market" mortgages and then not expect the market to discount the principal value based on market risk pricing (e.g., a risky loan requires a higher interest rate than a low risk loan). Inherently then Fannie was encouraged to misrepresent the mortgages as prime in order to get full principal.

"There is more to this ugly situation. New research by Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, has found that from the time Fannie and Freddie began buying risky loans as early as 1993, they routinely misrepresented the mortgages they were acquiring, reporting them as prime when they had characteristics that made them clearly subprime or Alt-A." see WSJ.com: "The Price for Fannie and Freddie Keeps Going Up"

Once these securities were sold as CMO's, Fannie actually bought these CMO's in the secondary market and held up to $1 trillion in CMO's. Essentially, they were making the market for CMO's and gave the market the illusion of liquidity which essentially increases the market price.

In order for Commercial Banks to buy CMO's they needed to be rated by Moody's, Fitch, and S&P due to a 1930's law, which prevents banks from investing in securities not rated by an outside agency. As reported in the WSJ article "Let's Write the Rating Agencies Out of Our Law," 85% of the tranches of CMO's containing subprime mortgages were rated "AAA" and almost all tranches were rated as investment grade. A banks capital requirements (i.e., allowable leverage) is based on the rating of the security and the type of security. Per the article:

"For every dollar of equity that insurance companies are required to hold for bonds rated AAA, $3 is needed for bonds rated BBB, and $11 is needed for bonds rated just below investment grade (BB). For banks, the sensitivity of capital requirements to ratings is generally even more extreme."

The WSJ article, "A Silver Lining to the Financial Crisis: A More Realistic View of Capitalism," further illustrates how Commercial Banks were encouraged to hold CMO's via regulator capital requirements:

"But under the recourse rule, "well-capitalized" American commercial banks were required to spend 80 percent more capital on commercial loans, 80 percent more capital on corporate bonds, and 60 percent more capital on individual mortgages than they had to spend on asset-backed securities, including mortgage-backed bonds, as long as these bonds were rated AA or AAA or were issued by a government-sponsored enterprise (GSE), such as Fannie or Freddie.Specifically, $2 in capital was required for every $100 in mortgage-backed bonds, compared to $5 for the same amount in mortgage loans and $10 for the same amount in commercial loans." 

So to recap, Commercial banks bought "AAA" rated Mortgage-backed securities because they were safe and allowed the banks to further extend their capital (i.e., greater leverage). So banks were encouraged by banking regulations to buy Fannie or Freddie mortgage-backed securities because they required less capital than holding individual mortgages and commercial loans in which the bank performs its own credit risk assessment instead of the ratings agencies.

Then when the bottom dropped out of the market, Fannie stopped buying CMO's in the secondary market, which accounted for a large part of the market activity. This caused mortgage-backed securities to become illiquid (huge drop in price, because if you can't sell something it has less value). Mark-to-market accounting then required banks to devalue their holdings (on paper) because market prices dropped and in some cases the market price was based on a few "fire-sales" (kind of like appraising your house based on one foreclosure sale 5 blocks away). Then the ratings agencies, realized they screwed up, downgraded the ratings on existing mortgage backed securities being held by the banks even though nothing may have changed in the mortgage security pool backing the CMO's. This drove many banks to be further under-capitalized.

With mortgage-backed security prices in a free fall due to rating down grades and lack of liquidity, Credit Default Swaps based on these CMOs, required capital calls, i.e., more money being paid out (AIG). This was all due to the "perceived market value", i.e., regardless of actual value and actual mortgage defaults. When an investment is as opaque (less available information) as mortgage backed securities and market confidence drops, investors discount the value heavily to account for the unknown (unknown = greater risk = lower price relative to the yield).

This was manufactured and triggered by the government, Fannie Mae and Freddie Mac, and banking regulators. But of course the government points to the Wall Street Investment Banks and mortgage originators as causing the problem. It like blaming the tail for wagging the dog.

REFERENCES:
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Boston Globe: Stance on Fannie and Freddie dogs Frank
http://www.boston.com/news/politics/articles/2010/10/14/frank_haunted_by_stance_on_fannie_freddie/
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"Frank, in his most detailed explanation to date about his actions, said in an interview he missed the warning signs because he was wearing ideological blinders. He said he had worried that Republican lawmakers and the Bush administration were going after Fannie and Freddie for their own ideological reasons and would curtail the lenders’ mission of providing affordable housing."
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WSJ.com: The Future of Housing Finance
We'll never get a rational mortgage system until the government's affordable housing mandates are ended.
http://online.wsj.com/article/SB10001424052748704407804575425231311880538.html
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WSJ.com: Moving Beyond Fannie and Freddie
The experiences of other countries show there's no need for a government role in housing finance.
http://online.wsj.com/article/SB10001424052748704353504575596872063967914.html
"    Research by Edward Pinto, a resident fellow at the American Enterprise Institute who was chief credit officer of Fannie Mae in the 1980s, has shown that by 2008 half of all mortgages in the U.S.—27 million—were subprime and other high-risk loans, often with little or no down payments by borrowers. Because of their affordable- housing requirements, the GSEs bore the risk of default on 12 million of these mortgages. The Federal Housing Administration (FHA) and other government agencies insured or held an additional five million. And banks under the Community Reinvestment Act, and other mortgage providers under a Department of Housing and Urban Development program, made another 2.2 million.
    Thus, more than 19 million subprime loans were the responsibility of taxpayers, courtesy of the federal government's housing policies. The balance, slightly less than eight million loans, were securitized by Countrywide and other private issuers."

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WSJ.com: Fan and Fred and the Problem of Narrative
The GSEs don't fit the left's story about how greedy bankers caused the financial crisis. That's why they haven't been reformed.
http://online.wsj.com/article/SB10001424052748703467304575383451809694546.html
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WSJ.com: The Lesson of Basel's Bean Counters
Decades of obsession with accounting standards couldn't overcome the perverse incentives created by 'too big to fail.'
http://online.wsj.com/article/SB10001424052748704508904575192534100550538.html
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WSJ.com: Angels Out of America
How the Dodd bill harms start-ups.
http://online.wsj.com/article/SB10001424052748704671904575194483171910348.html

"Mr. Dodd's bill would change all this for the worse. Most preposterously, it would require that start-ups seeking angel investments file with the Securities and Exchange Commission and endure a 120-day review. Rare is the new company that doesn't need immediate access to the capital it raises, and a four-month delay is the kind of rule popular in banana republics that create few new businesses."
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WSJ.com: An Economy of Liars
When government and business collude, it's called crony capitalism. Expect more of this from the financial reforms contemplated in Washington.
http://online.wsj.com/article/SB10001424052748704508904575192430373566758.html

"The idea that multiplying rules and statutes can protect consumers and investors is surely one of the great intellectual failures of the 20th century. Any static rule will be circumvented or manipulated to evade its application. Better than multiplying rules, financial accounting should be governed by the traditional principle that one has an affirmative duty to present the true condition fairly and accurately not withstanding what any rule might otherwise allow. And financial institutions should have a duty of care to their customers. Lawyers tell me that would get us closer to the common law approach to fraud and bad dealing."
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WSJ.com: Staffer One Day, Opponent the Next
The revolving door can turn swiftly at the Securities and Exchange Commission.
http://online.wsj.com/article/SB20001424052702303450704575160043010579272.html
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WSJ.com: Fannie and Freddie Amnesia
Taxpayers are on the hook for about $400 billion, partly because Sen. Obama helped to block reform.
http://online.wsj.com/article/SB10001424052748704671904575193910683111250.html

"The date of the Senate Banking Committee's action is important. It was in 2005 that the GSEs which had been acquiring increasing numbers of subprime and Alt-A loans for many years in order to meet their HUD-imposed affordable housing requirements accelerated the purchases that led to their 2008 insolvency. If legislation along the lines of the Senate committee's bill had been enacted in that year, many if not all the losses that Fannie and Freddie have suffered, and will suffer in the future, might have been avoided.

Why was there no action in the full Senate? As most Americans know today, it takes 60 votes to cut off debate in the Senate, and the Republicans had only 55. To close debate and proceed to the enactment of the committee-passed bill, the Republicans needed five Democrats to vote with them. But in a 45 member Democratic caucus that included Barack Obama and the current Senate Banking Chairman Christopher Dodd (D., Conn.), these votes could not be found."
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WSJ.com: The Dodd Bill and U.S. Competitiveness
Its new taxes and regulations will make the U.S. an unattractive jurisdiction for financial companies.
http://online.wsj.com/article/SB10001424052748704117304575137980120672008.html
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WSJ.com: If You Liked Fannie and Freddie...
... You'll love Chris Dodd's latest reform proposal. It would make many more companies too big to fail and lead to far greater financial consolidation.
http://online.wsj.com/article/SB10001424052748704743404575127541719271252.html

"If passed in its current form, the bill would give the government control over the financial system in roughly the same way, and to the same extent, that ObamaCare would take over the nation's health care. There isn't a public option, exactly, but the private firms involved would be so heavily regulated that they would be effectively controlled by the government."
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WSJ.com: Most Pundits Are Wrong About the Bubble
The repeal of Glass-Steagall has helped us weather the storm.
http://online.wsj.com/article/SB122428270641246049.html

"As for the evils of deregulation, exactly which measures are they referring to? Financial deregulation for the past three decades consisted of the removal of deposit interest-rate ceilings, the relaxation of branching powers, and allowing commercial banks to enter underwriting and insurance and other financial activities. Wasn't the ability for commercial and investment banks to merge (the result of the 1999 Gramm-Leach-Bliley Act, which repealed part of the 1933 Glass-Steagall Act) a major stabilizer to the financial system this past year? Indeed, it allowed Bear Stearns and Merrill Lynch to be acquired by J.P. Morgan Chase and Bank of America, and allowed Goldman Sachs and Morgan Stanley to convert to bank holding companies to help shore up their positions during the mid-September bear runs on their stocks."
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WSJ.com: "A Silver Lining to the Financial Crisis: A More Realistic View of Capitalism"
Two familiar scapegoats for the financial crisis---deregulation and bankers' bonuses--- don't appear to be responsible for the disaster.

http://online.wsj.com/article/SB10001424052748704454304575081680480599148.html

"Regulators of banks, insurance companies and broker dealers have all incorporated the work of the ratings agencies into their regulations in myriad ways. Most importantly, bond ratings determine -- as a matter of law -- how much capital regulated institutions need in order to own the bonds.

For every dollar of equity that insurance companies are required to hold for bonds rated AAA, $3 is needed for bonds rated BBB, and $11 is needed for bonds rated just below investment grade (BB). For banks, the sensitivity of capital requirements to ratings is generally even more extreme.

The Bank for International Settlements also uses ratings to drive capital requirements, so the rating agencies have the same role in global capital markets that they have in the U.S.

For money market funds, ratings are equally critical: They are typically barred altogether from investments rated lower than AAA. In short, the ratings agencies are like a Consumer Reports for financial instruments -- but with the force of law behind their ratings. It is as if you were forbidden by law from buying an iron or a toaster unless it is rated 'Excellent.'"
---
"But under the recourse rule, "well-capitalized" American commercial banks were required to spend 80 percent more capital on commercial loans, 80 percent more capital on corporate bonds, and 60 percent more capital on individual mortgages than they had to spend on asset-backed securities, including mortgage-backed bonds, as long as these bonds were rated AA or AAA or were issued by a government-sponsored enterprise (GSE), such as Fannie or Freddie. Specifically, $2 in capital was required for every $100 in mortgage-backed bonds, compared to $5 for the same amount in mortgage loans and $10 for the same amount in commercial loans."
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WSJ.com: "The Price for Fannie and Freddie Keeps Going Up"
Barney Frank's decision to 'roll the dice' on subsidized housing is becoming an epic disaster for taxpayers.
http://online.wsj.com/article/SB10001424052748703278604574624681873427574.html

"There is more to this ugly situation. New research by Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, has found that from the time Fannie and Freddie began buying risky loans as early as 1993, they routinely misrepresented the mortgages they were acquiring, reporting them as prime when they had characteristics that made them clearly subprime or Alt-A."
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WSJ.com: Let's Write the Rating Agencies Out of Our Law
By Robert Rosenkranz
http://online.wsj.com/article/SB123086073738348053.html

"Indeed, that is the entire raison d'être of the $6 trillion structured-finance business, which serves little economic function other than as a rating-agency arbitrage. Subprime mortgages (and all manner of other risky loans) held directly by financial institutions are questionable assets with high associated capital charges. Each one alone would deserve a "junk" rating. Structured finance simply piles such risky assets into bundles and slices the bundles into tranches. The rating agencies deemed some 85% of the tranches by value as AAA, and nearly 99% as investment grade -- thus turning dross into gold by a sort of ratings alchemy."
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AmericanThinker.com: Why the Mortgage Crisis Happened
By M. Jay Wells
http://www.americanthinker.com/2008/10/what_really_happened_in_the_mo.html
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Townhall.com: Frank Data: How Federal Policy Triggered the Mortgage Meltdown
http://townhall.com/columnists/CarlHorowitz/2010/05/29/frank_data_how_federal_policy_triggered_the_mortgage_meltdown
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Video of the CSPAN congressional hearings on the Fannie Mae and Freddie Mac Accounting scandal which came to light in 2004.
see: http://www.youtube.com/watch?v=_MGT_cSi7Rs
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Clinton administration's "BANK AFFIRMATIVE ACTION"
Andrew Cuomo references a Federal Reserve Report that was later discredited.
http://www.youtube.com/watch?v=ivmL-lXNy64
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IBDeditorials.com: How the Fed, Media and Academia Aided and Abetted Lending Debacle
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=459798
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WSJ.com: A Mortgage Fable
http://online.wsj.com/article/SB122204078161261183.html
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WSJ.com: The Fannie Mae Gang
By Paul A. Gigot
http://online.wsj.com/article/SB121677050160675397.html
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WSJ.com: Information Haves and Have-Nots
http://online.wsj.com/article/SB122203382068860947.html
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NationalReview.com: Inside Obama’s ACORN
By Stanley Kurtz
http://article.nationalreview.com/?q=NDZiMjkwMDczZWI5ODdjOWYxZTIzZGIyNzEyMjE0ODI=
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IBDeditorials.com: Congress Tries To Fix What It Broke
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=490605
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WSJ.com: Faith in Ratings
http://online.wsj.com/article/SB122212668589565225.html
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WSJ.com: The Moody's Blues
http://online.wsj.com/article/SB120303641478270219.html
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WSJ.com: AAA Oligopoly
http://online.wsj.com/article/SB120398754592392261.html
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WSJ.com: Another 'Deregulation' Myth
http://online.wsj.com/article/SB122428201410246019.html
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WSJ.com: Spitzer and Sarbox Were Deregulation?
http://online.wsj.com/article/SB122541609109386729.html
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WSJ.com: The Ratings Racket
http://online.wsj.com/article/SB121435051391301517.html
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WSJ.com: The Meltdown That Wasn't - A primer on credit default swaps, the latest Beltway scapegoat.
http://online.wsj.com/article/SB122670411909729683.html
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WSJ.com: Bad Accounting Rules Helped Sink AIG
http://online.wsj.com/article/SB122169320421449849.html
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NYTimes.com: Dear A.I.G., I Quit! http://www.nytimes.com/2009/03/25/opinion/25desantis.html
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SeattlePI.com: Activists vent at AIG executives http://www.seattlepi.com/business/404117_aigbus22.html

Have you heard about the government's War On Health?

FIRST DOCUMENTARY DETAILING AND CHALLENGING THE FDA's AGENDA

5 Jul - In the near future, American medical practice may change dramatically for the worse. No longer will maximal dose natural supplements—vitamins, natural compounds, and scientifically proven medicinal herbs—be available over the counter in local health and grocery stores. Holistic practice, which relies upon non-prescription natural treatments instead of Big Pharma drugs prescribed for the length of person’s life, will diminish. American healthcare will be imprisoned as patients will be forced to abide by a single medical paradigm defined by corporate drug and food executives and dictated by a government enforcement agency, the Food and Drug Administration (FDA). This is the bleak scenario if the FDA succeeds in limiting Americans’ options to prevent and treat diseases.

Gary Null’s War on Health is the first documentary detailing and challenging the FDA’s agenda and its allegiance with the international Codex Alimentarius, which hopes to establish a monolithic food and health regime.  Betraying its founding mandate to assure drug, food and chemical safety in the interests of public health, the FDA today is a repressive bureaucracy serving pharmaceutical and agricultural greed and profits.

READ MORE

The position that Obama's eligibility hinges only upon a geographic natal origin fails foolishly when mortally impaled by two facts

Excerpts from Presidential Illegitimacy: Obama's Perishing Dilemma

(1)

Obama, himself, voted to uphold SR 511 which declared his 2008 opponent, John McCain a Natural Born citizen explicitly because McCain was born to two citizen parents.  If the question of natural born citizenship is merely endowed by earth-birth, why did Obama and so many of his esteemed degenerates not disqualify the Panamanian-born McCain?

(2)

...the framers of the Constitution explicitly differentiate language for natural-born citizenship from mere common citizenship as an exaction of two absolutes founded in the natural laws of God, not the laws of man.  Having only recently established this new nation, they were at a disadvantage, militarily, to defend it’s borders from invasion, indefinitely.  However, they could defend the sovereignty of their new government and, therefore, the strength of their constitutional resolve by declaring that the President be a natural born citizen in the common sense, by citizenship of their parentage.  For no parents who were citizens of the U.S. in 1787 could conspicuously bear a foreign child to raised among the "brethren" and, later, betray the blood of patriots by becoming a tyrant unopposed.  His parentage was an indicator of his loyalty and intentions.

Who is racist: Democrats or Republicans?

Excerpts from HISTORY OF DEMOCRAT RACISM...HOPE AND CHAINS

The most vocal opponents of the Civil Rights Act were all Democrats, including Albert Gore, Sr., father of former Vice President and 2000 Democrat presidential nominee Al Gore, and the Methuselah of the Senate, former Senate Majority Leader Robert Byrd, former “Kleagle” and “Grand Cyclops” of the Ku Klux Klan, who personally spoke for an astonishing fourteen hours straight in the Senate in an attempt to block passage of the 1964 Civil Rights Act. This was the same Robert Byrd that called MLK [a Republican] a “troublemaker” and a “coward,” and the same Byrd who vociferously opposed integrating the military, proclaiming he would “…rather die a thousand times and see Old Glory trampled in the dirt, never to rise again, than see this beloved land of ours become degraded by race mongrels, a throwback to the blackest specimen of the wilds…”

It was Democrat Alabama Governor George Wallace who said in his inaugural speech, “I draw the line in the dust and toss the gauntlet before the feet of tyranny, and I say segregation now, segregation tomorrow, segregation forever!” He would attempt to keep his promise by physically blocking the desegregation of Alabama schools. . .

. . .during an 1872 Congressional investigation, Democrats admitted to forming the Ku Klux Klan as a way to stop the growth of the Republican Party. He continues, “As PBS’s ‘American Experience’ notes, ‘In outright defiance of the Republican-led federal government, Southern Democrats formed organizations that violently intimidated blacks and Republicans who tried to win political power. The most prominent of these, the Ku Klux Klan, was formed in Pulaski, Tennessee, in 1865.”

Jim Crow laws? Passed by Democrats. Harry Truman, member of the Kansas City chapter of the KKK? Democrat. Fugitive slave laws which returned runaway slaves to their owners? Democrats. 1856 Supreme Court decision in the Dred Scott case, legally defining blacks as the property of their masters? A 7-2 decision, written by Chief Justice Roger Taney, a Democrat, with every concurring vote cast by a Democrat. The two opposing? One Republican and one Whig (a portion of which party had split to form the Republican Party). Passage of the Kansas-Nebraska Act, which repealed the slavery-limiting Missouri Compromise? That would be, you guessed it, Democrats. . .

The Republican Party was formed in 1854 for the specific purpose of ending slavery. Less than a decade later, the first Republican president, Abraham Lincoln, would issue the Emancipation Proclamation, freeing the slaves in the Southern states, and see the blood of hundreds of thousands shed to insure that victory. In 1865, the 13th Amendment formally and legally freeing the slaves was passed with every Republican in the House and Senate voting in favor, but only 19 Democrats supporting it (less than one quarter). It was Republicans, against vicious Democrat opposition, that passed the 14th Amendment (establishing citizenship for former black slaves), and the 15th Amendment (granting blacks the right to vote). It was Republicans who first passed Civil Rights Acts (in 1866 and in 1875), which would be rescinded by Democrats with the passage of the Repeal Act of 1894. A little over half a century later, it would be Republicans that would push through the Civil Rights Acts again, with 80% of Republicans voting for the 1964 law compared to only 64% of Democrats. . .

Vice President “Bumblin’Joe” Biden, addressed a mostly black audience in Danville, Virginia (or as Biden would say, “North Carolina”) and proclaimed the election of Mitt Romney would mean big banks running roughshod over helpless blacks. In a horrific, cringe-inducing attempt at a Southern drawl (reminiscent of Hillary Clinton’s 2007 pandering murder of an old gospel hymn, where she proclaimed in a faux-black preacher accent, “Ah don’t fee-yull noways tahrd. Ah’ve come too faarrr from where I started fruum…”), Uncle Joe declared that blacks must fear Romney and the Republicans because “They’re gonna put ya’ll back in chains.” I suppose we must at least listen and consider the verity of Biden’s words. After all, who knows more about putting black people in chains than the #2 guy in the Democrat Party? This is the same Joe Biden that, in a 2006 interview, bragged about his home state of Delaware having been a slave state.

And from the UK DAILY MAIL:

The nation’s first black governor, Virginia’s Douglas Wilder, recently blasted Biden for engaging in racially charged rhetoric:

‘Slavery is nothing to joke about. And the history of this nation’s involvement with slavery is nothing to pass off in a joke.’

Do you qualify for the Obamacare mandate-tax-penalty surchage fee?

Find out here:

What is Islam?

Daniel Greenfield's comments after reading this:

Islam was built on the power to take away religion and freedom, to force people to worship Allah by destroying their religions, their cultures and their freedom to choose.

Islam is an anti-religious religion that purges, persecutes, tortures and intimidates. It is a religion based around the man and the power of his followers to terrorize those who might decide for themselves that an illiterate pedophile mass murderer is not their way to the truth.

Islam is power. There is no love in Islam. Only hate and fear. There is no G-d in Islam, only death.

Infiltration, Treason, Jihad – Welcome to The Project

As I have contended from the very beginning, Obama and his minions are corrupt beyond belief. It is my belief that Obama is actively facilitating the Muslim Brotherhood and radical Islam in an effort to bring America to her knees and usher in not only Sharia law, but a worldwide caliphate. This week, I am going to summarize for you the content of The Project and what it means to Americans. Time is growing short, we are entering the third and final phase of a very, very evil plan.

In 2001, an Islamic manifesto called The Project was discovered in Switzerland. This document is a plan to carry out a quiet coup within the United States through indoctrination, subversion and infiltration at all levels of our government and through key positions in education and other influential positions such as the media. Fast forward to 2008 and the Holyland Foundation Trial. This showcased the largest terror financing trial in US history. There are 80 boxes of evidence, including The Project, that have been made available by our government to the accused enemies of America, but which, to this day, are being withheld from our leaders and the American people. Barack Obama, Eric Holder and Janet Napolitano cite national security, but have given the terrorists a free pass to review the documents. I contend, that if they haven’t already done so, that Obama and his colleagues will destroy those documents because they implicate Obama and his administration in outright treason by aiding and abetting the Muslim Brotherhood. If Obama loses this election, he will most likely do two things: 1) He will release the Blind Sheik and 2) he will have those 80 boxes of documents destroyed if he hasn’t done so already. Obama will remain faithful to his Muslim roots and his anti-colonialist leanings. Remember Obama’s words:

"The future must not belong to those who slander the prophet of Islam."

Introducing THE USA PLAN

The USA Plan is bold and truly revolutionary. It should satisfy both capitalists and collectivists, Republicans and Democrats, Libertarians and Anarchists and everyone in between because it makes the poor, the middle-class and the rich wealthier – in fact it delivers the American Dream to just about everyone.

www.TheUsaPlan.com

The USA Plan is designed to increase the wealth of all citizens not just the few. It is triggered by the reduction of taxes imposed on them by government. The Plan is based on the Rise Up Theory of Economics which elevates the financial rights of the individual over those of the state.


The Rise Up Theory does for the poor and middle class what the "Trickle Down" Theory did for the rich - it makes them wealthy. It closes the gap between the rich and the poor and eliminates the cry for social justice. It reduces the income disparity which has become a major political issue for which no party has been proposing a workable solution. The USA Plan is that solution.


It is a simple concept, it redirects the 15.3% presently paid by individuals (and in the case of employees, their employers too) in the form of payroll taxes into a personally-owned investment account ( a “USA” – a Universal Savings Account)) that will grow into millions over the citizen's working life. The funds are invested in safe indexed stock funds that have historically been growing at over a 10% rate for the last 25 years.


At that rate of return a taxpayer or household making an average $50,000 per year would invest 15% per year or $7,500 and generate over a 40-year working life a $4 million nest egg. Go to the website www.theusaplan.com to review the year by year analysis of how the $300,000 ($7,500 x 40 years) accumulates, grows and compounds into a $4 million-dollar nest egg which will throw off a $33,000 a month retirement check.


As it will not require a taxpayer to invest his after-tax dollars into IRA or similar retirement plans it will cost no more than what is presently being taken by government. Americans can then use their after-tax cash to support their chosen lifestyles. The USA Plan will insure them of an affluent retirement and enough monthly income to buy the best medical care on the planet. The Plan eliminates the need to save for retirement.


As we know all private and public pension funds are all heavily invested in the stock market. By creating a vehicle to fund the growth of the private sector the investment of “USA” funds will immediately create millions of new jobs while at the same time guaranteeing the taxpayer a million-dollar nest egg at retirement. It will explode the overall wealth of the nation. The USA Plan is a short- term solution as well as a long-term solution we all are looking for.


Man has been saddled with poverty since the beginning of time. The few who were fortunate enough to be born into wealth or smart enough to accumulate it throughout history have always been a very small number of people. American independence changed all that to enable more 0f the population to become wealthy.


Unfortunately one-hundred years ago that independence permitted the people to give the right to tax incomes to the state which has been perverted into a mechanism to funnel wealth to the very few who know how to legally avoid taxation - Guys like Warren Buffet and Bill Gates whose fortunes have never been taxed because we don’t tax the appreciation in value until the stock is sold.


America has never attempted to solve the riddle of poverty but has left that up to the individual. He or she either sinks or swims AFTER TAXES. And there is the problem. By punitive taxation and suffocating regulation that raise all costs of living most Americans can’t save or work their way out of poverty. The talk of the American Dream of financial independence is just that – talk.


The Rise Up Theory of Economics as incorporated in the USA Plan will solve the riddle of poverty and generate all kinds of peripheral benefits not the least of which will be the elimination of war as soon as the Plan is adopted throughout the world.


War is not waged by people who want to protect their property.


Of course “peace on earth” depends on America leading the way and exercising leadership and resolve not to change or weaken the


USA Plan.

COINCIDENCE?

In the four years I have been gathering information about—and evidence against—Barack Hussein Obama, I have encountered hundreds of coincidences that strike me as amazing. None of those coincidences, by themselves, may mean much. But taken as a whole it is almost impossible to believe they were all the result of chance. Consider the Obama-related coincidences:

READ MORE

Filed under: This Explains Everything

Face palm of the day thanks to HotAir.com:

...between 1 percent and 4 percent of some modern humans' DNA came from Neanderthals, who lived between about 130,000 and 30,000 years ago, the researchers report today.

Shale shafts 'Vlad the Impaler': If the price of oil drops, Russia is wiped out

Sweet...oh, SO SWEET!!

Thanks to Daniel Greenfield over at Sultan Knish:

...if conservatives win in America and elsewhere, domestic drilling will go into high gear and the price of oil will drop. If the price of oil drops, Russia is wiped out.

Why Putin Cannot Afford an Obama Defeat.

And, if you're really into energy 'inside baseball' (as many fancy themselves to be):

...if anything, highlights the gas giant’s core problem: Gazprom has gone beyond the point of any commercial return to play the role that Russia wants, due to shale developments elsewhere [Emphasis mine.]. Unless Putin backs up his words with credible actions, not just fobbing off the EU, but putting more ‘state’ and cash back into Gazprom to progress its global ambitions, it’s going to suffer a slow and painful market death. That’s not exactly good news for Mr. Putin either. Back to Soviet economics 101.

Do any of you realize how f*cking amazing life is that this ex-KGB self-worshipping tough guy Vladimir Putin's entire f*cking future rests with our real-life version of Maxwell Smart's re-election? (Forget Chauncey Gardiner!)

ROFL.

Top 10 True/False Quiz

HERITAGE FOUNDATION:

First Presidential Debate 2012

Ann Barnhardt joins Glenn Beck in praying for the safety of our president

Those who follow and watch Glenn Beck (as we do) know that he has been worried about the president's safety for quite some time and he's pointed to the unnerving statements of Louis Farrakhan.

Now Glenn has been joined by what might seem, at first glance, to be an unlikely 'bedfellow'-- Ann Barnhardt:

Truly Scary

Posted by Ann Barnhardt - October 3, AD 2012 9:21 PM MST

I didn't watch the debate. I went over to a Friend's house and talked, read some Aquinas, and then talked some more. Then I went to Chick-Fil-A.

I find myself with an intense feeling of dread after reading the wrap-up comments.

Obama got his ass kicked, or to be more precise, kicked his own ass. From what people are saying, it seems clear that Obama did not prepare in any way, shape or form. More on point, Valerie Jarrett, Michelle Obama and David Axelrod did not force Obama to prepare. At all.

This implies two things. First, the "less-bad" implication:

No preparation was done because they know that the elections will be fixed and none of them care, least of all Barry who is a drug-addled imbecile and doesn't care about much beyond his next gram of coke and male fellation.

What really, really is bothering me and has me genuinely scared (yes, I do feel fear) is the fact that it can now no longer be denied that Barack Obama is worth more to his neo-Stalinist handlers dead than alive.
Someone has to say it. It might as well be me.

There has been buzz of a false-flag assassination attempt contingency plan among the Valerie Jarrett gang, but after this, I am genuinely scared that the false-flag assassination may no longer be a mere attempt, but a full-on JFK scenario.

Obama the man is now a liability to the putsch. These people are evil on a scale that most people cannot fathom, and Barry has only ever been a puppet and a tool to them.

Join me in praying for the safety of Barack Obama or whatever the hell his name is. He needs to be removed, arrested, tried and convicted for what he has done in the calmest, most orderly way possible. If his own handlers false-flag assassinate him, the entire world will fall into tyranny almost overnight, and my fear is that is exactly what they want, and they may be audacious and desperate enough to do it - especially after tonight. [Emphasis mine.]

Stay frosty. Pray hard.

Joe Klein stumbles on the truth about Obama

TIME|Swampland:

Did the President send out his body double to this debate? Because if that were the actual Barack Obama out there, I’m not sure he could communicate well enough to be an effective President in a time of trouble, to say nothing of winning a second term.

Obama’s Debate Strategy: Unilateral Disarmament?

MIT Prof: Birthers not going anywhere except into the voting booths

Americans' distrust of Obama birth story rises

The only time you will laugh about OBAMACARE

A doctor who is running for Illinois Senate makes a brutal but hilarious statement about OBAMACARE that has gone viral...

Watch here!

A BAD night for Obama!

National Review Online:

Obama looked tired, in the Nixonian mode, and he sounded like a petulant 1980 Jimmy Carter...

American Thinker:

Obama appears to ahve [sic]been overmatched and outclassed...

Obama planning on cutting more than $250 billion from Medicare if he wins the election

Bob Woodward:

The long-time political reporter and author claims that Obama has plans to cut more than $250 billion from Medicare in his next term, and has seen the memos detailing those proposals:

STORY & VIDEO

Efforts to Eliminate the Natural Born Requirement (2003-2005)

From 2003 through 2008, members of Congress--most of them Democrats--feverishly worked to eliminate Article II, Section 1 (Clause 5) of the United States Constitution requiring that all presidential candidates be "natural born citizens" of the United States.

VIDEO and LINK TO ORIGINAL ARTICLE

Trinity Church members reveal Obama's shocking secret

'Matchmaker' Rev. Jeremiah Wright 'provided cover for gays'

To Trinity insiders, the Down Low Club was simply known as “the program.”

“That’s the terminology. At Trinity, you’re urged to ‘get with the program,’” explained a male beneficiary of the Down Low Club. “What that means is it’s OK to go ahead and have sex with men, just as long as you ‘get with the program’ and marry a woman, somebody no straight guy would want to marry.”

The wife, the Down Low Club member explained, is “your ‘beard,’ your cover – so you can look like you’re living a straight life, even thought your not.”

Carolyn and the other members of Trinity who provided statements corroborating her testimony were insistent that WND conceal their identities as a condition of being interviewed. . .

“I’m still scared to discuss any of this,” Carolyn said.

“At Trinity, if you even hint at talking about Obama being gay, you are reminded of our dear departed choir director,” she said. “He was killed, and it wasn’t a robbery. The Christmas presents weren’t touched. The TV was not taken, nothing in the apartment was missing.”

Carolyn’s reference was to Donald Young, the 47-year-old homosexual choirmaster at Trinity who died of multiple gunshot wounds in his Chicago apartment Dec. 24, 2007.

Young’s murder was preceded Nov. 17, 2007, with the execution-style murder of 25-year-old Larry Bland, another black gay member of Trinity United. He also was murdered in his home, dying of multiple gunshot wounds, according to his death certificate.

Just two days after the murder of Young, a third openly “gay” member of Wright’s church, Nate Spencer, reportedly died of septicemia, pneumonia and AIDS.

THE GALLERY

EXCLUSIVE: Obama pics you've NEVER seen!

ABC: Smoking gun?

Fast and Furious Scandal: New Details Emerge on How the U.S. Government Armed Mexican Drug Cartels

End of the BJ?

Thanks to increasing ambivalence toward the blow job, which, it is fun to watch The New Yorker explain, “brings the tip of the urethra near the pharynx,” the once genitally located disease is going undetected (or being mistaken for a sore throat) while it gains strength and shape-shifts.

Super Gonorrhea Here to Ruin Blow Jobs Forever

Thanks to: Instapundit

Profiling, the old days

From a friend:

Next time, when you hear about the "peaceful religion" of Islam (and some Muslims are, apparently), don't miss the prediction in the Bible which refers to Ishmael (and has extended to his descendants). Then, you can give it more thought. They knew something back then.

In Genesis 16:12, an angel of the Lord is speaking to Hagar (Sarah's handmaiden who gave Abraham Ishmael). The angel says about Ishmael:

"And he shall be a wild ass of a man; his hand shall be against every man, and every man's hand against him, and he shall dwell in the face of all his brethren."

What a prophecy!!!! I guess they didn't mind profiling back then.

It was for you...

for You

why wouldn’t I write poetry about You?
Why did I go this long without uttering words of praise
And awe and gratitude towards You?

All this time, I have written about anger and fear
About men About love
About loves labors lost
Trying to imitate Shakespeare
And others
Trying to imitate myself.

When the authentic thing finally pushed through

 It was for You, God. Always for You.

[from a commenter on this blog...]

Obamacare starts to hurt

As of Monday [10/1;12], Medicare will start fining hospitals that have too many patients readmitted within 30 days of discharge due to complications. The penalties are part of a broader push under President Barack Obama's health care law to improve quality while also trying to save taxpayers money.

About two-thirds of the hospitals serving Medicare patients, or some 2,200 facilities, will be hit with penalties averaging around $125,000 per facility this coming year, according to government estimates.

New Medicare fines for hospital re-admittance

Oh...and before I forget:

Of the 20 new or higher taxes in Obamacare, below are the 5 worst that will be foisted upon Americans for the first time on January 1, 2013:

The Obamacare Medical Device Tax – a $20 billion tax increase

The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase

The Obamacare Surtax on Investment Income – a $123 billion tax increase:  This is a new, 3.8 percentage point surtax on investment income

The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase

The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase

READ MORE:

http://www.atr.org/five-worst-obamacare-taxes-coming-a7217

The Perfect Quote About The Obama Presidency

Some people have the vocabulary to sum up things in a way that you can quickly understand them. This quote came from the Czech Republic. Someone over there has it figured out. It was translated into English from an article in the Prague newspaper by Prager Zeitungon on 4/28/10:

The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their President.

The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their President.

The real Islamic agenda

PART ONE:



PART TWO:

Guess who was just pardoned by the new president of Egypt?

Sultan Knish

As they ran past a Japanese tourist, she said, one of the men fired into the woman’s face from a range of about 15 inches.

“They made us get down on our knees,” Ms Dousse said. “And then they started shooting. A man who was very heavy fell on me and the lady behind me also covered me … They shot me in the arm and leg, and then they started again shooting those who were still alive in the head.

The gunmen “took all the young women, the girls, and disappeared with them. I don’t know where they went with the women, but they hurt them. We could hear screams of pain,” Dousse said.

“It went on for a long time, an hour or an hour and a half. The terrorists came back again and again; they danced and sang,” she said.

Among the horrors, the marauders cut off the ears and noses of several of their victims. A note praising Islam was found inside one disemboweled body.

The foreign dead included 31 Swiss, 10 Japanese, five Germans, four Britons one a child a Bulgarian, a Colombian and a French citizen. The Japanese victims were four newlywed couples and an elderly couple on their second honeymoon.

The man who ordered that atrocity, Mustafa Hamza was just pardoned by Mohammed Morsi, the Muslim Brotherhood President of Egypt.

How can Obama be leading in the polls?

There is enough evidence, both direct and circumstantial, to provide reasonable answers. Yet, the reasons for Obama's showing in the polls and his transforming plan are kept masked by a media and a public who is seduced by the silver-tongued politician. . .

READ MORE

The Universe’s Exit Door, The Point Of No Return Measured For The First Time

For the first time, an international team has measured the radius of a black hole.

The point of no return: In astronomy, it’s known as a black hole — a region in space where the pull of gravity is so strong that nothing, not even light, can escape.

READ MORE

How to Get Help Paying for Drugs You Can't Afford

If your doctor prescribes an expensive drug and you’re uninsured or can’t afford the co-pays, don’t despair. So-called patient-assistance programs, many of them run by pharmaceutical companies, are available to help you get the drugs you need.

READ MORE

CBS: OBAMA SHOULD RELEASE HIS COLLEGE TRANSCRIPTS

What we don’t know – and can only assume is extreme doubt – is what is so sacredly hidden in Obama’s unreleased files.

What could possibly be in Obama’s college transcripts that could hurt his image – or more?

READ MORE

Are conservatives prescient?

Health Premiums Up $3,000; Obama Vowed $2,500 Cut

Gosh: How did all of US know this so far in advance???

Obama's deep personal and financial ties to black nationalist extremists and also wealthy Arabs

BOMBSHELL: No Wonder Obama Bowed to the Saudis – They Likely Funded Him at Harvard

COMMUNITY

The left talks about community a great deal, but their vision of community is a giant till where everyone is forced to put their money and their bureaucracy decides how many people get to keep what percent of their money and how many get to keep other people's money. There is none of the individual responsibility that makes a community work, only the obligation to follow orders all the time for the greater good. There is no community, only ranks of addicts waiting to be taken care of.

Addicts In America

A fiscal horror unfolding

UK TELEGRAPH: A fiscal horror is unfolding on the president’s watch, yet few seem concerned..."

How the liberal mind got twisted

Legal Insurrection:

The always excellent Jonathan V. Last at The Weekly Standard has a remarkable piece about the corrupting influence of abortion on the left’s mindset—how elevating it to primacy status in the political arena has thoroughly distorted the thinking of otherwise smart people, forcing them to adopt positions that would be simply ludicrous if they weren’t so horrifying.

Late-term Abortions of the Liberal Mind

Top 10 Obama promises

Top Ten Changes Obama Made in His First Four Years

The complete GARBO

Swoon?

...or much ado?

Up to you!

Scandals of Classic Hollywood: The Exquisite Garbo

HAT TIP: InstaPundit

The real truth about Mitt Romney's taxes

Democrats, Media Get Punk'd: Romney Releases Tax Returns

More good news from Obama administration

When the federal government began providing billions of dollars in incentives to push hospitals and physicians to use electronic medical and billing records, the goal was not only to improve efficiency and patient safety, but also to reduce health care costs.

But, in reality, the move to electronic health records may be contributing to billions of dollars in higher costs for Medicare, private insurers and patients by making it easier for hospitals and physicians to bill more for their services, whether or not they provide additional care.

READ MORE:
Medicare Bills Rise as Records Turn Electronic

MORE GOOD NEWS FROM OUR GOVERNMENT:
U.S. Postal Service Hopes To Deliver More Junk Mail

OBAMA's PRAYER

Now I lay me down to sleep [3 hours after the Benghazi attacks began]
I pray the news will never seep [heh: media's always been in my pocket]
If it should break before I wake [nah: RINOS'll cover me anyway]
I pray it's Hillary's soul they rake [reason I hired that bitch anyway]

Sad letter from a California property owner to a friend who's lived and worked abroad for several decades

You haven't been to America in many years.

Believe me it has changed.

Every day I see drug addicts and homeless people walking up and down the boulevard.  I have tried to offer them food.  They don't want the food, they want money.  I've actually been spit upon for offering food.  The 7/11 is daily flanked with people who are looking for money.  Again, if you offer them food they turn it down.

The immigrants piss on the street where I live and set off massive commercial fireworks on any given holiday which land in people's yards scaring our animals.  If asked to please move their car from your driveway you get flipped off. If you call the police for unlawful fireworks, you get no assistance.  If you don't have a "No Trespassing" sign on your gate, squatters can walk on your property and pitch a tent.  You have to treat them like a paying tenant.

A friend of mind has a home that she rents.  Her tenants left about 6 months ago and before you know it a squatter moved in.  My friend is not allowed to turn the lights off and the squatter has all the rights of a paying tenant.  She has a lawyer and they have not made any progress.  In fact the city has given the squatter a lawyer for nothing.

I have a guest house that I leased to a woman who was homeless for 12 years.  She dug herself out and started her own feeding program for the homeless at a church. I was so impressed with her that I rented my very lovely guest house to her for 300.00 less a month than I would have rented to someone else.  She has been with me for two years.

I went to Utah for five months leaving her there.  I would have trusted her with my life.  I got back and found that she had had some guest there for a couple of weeks.  This was not our agreement.  I don't mind an occasional "sleep over", but I'm paying all the utilities and I do not want strange people walking on my property.

She got into my face and threatened and told me the "she could have anybody there for 15 days at a time if she wanted".  She then proceeded to scream  "was my house permitted."  She told me I was rude etc, etc, etc.  I didn't say anything.  I now have a lawyer and we are trying to get her out.

She wants $10,000.00.  And, she can get it.  This would also be true even if she was doing something illegal on my property.  She is 60 years old.  If she was 62 I would have to give her 12,000.00,  It goes on and on.  If I had done something inappropriate to her, I could understand her attitude.  But, here is a woman I willingly helped and she pulled "the system" out on me and has not yet called my lawyer back and responded to his offer.  This is what happens when there are no boundaries in the system.

I've also been made to feel guilty for having Social Security (which I paid into), Retirement (which I paid into) Annuity (which I paid for) and owning a home.  I am now living in a trailer in a trailer park because the woman on my property has more rights than I do.  This is what is happening in America.

Also, I am trying to sell my house this year because if I wait until 2013, Obama Care kicks in and my Capital gains from my home (which is not that much) will be taxed 3.8% (for Obama Care) on top of state tax and closing cost.  This is only one story.  IT'S A BRAVE NEW WORLD!

I love America.  I wish I had a wonderful solution that would balance all the hatred.  I wish you could too.  I'm so glad that you don't have to be here to witness America.....it's so sad.

Love you.

QE3 – Pay Attention If You Are in the Real Estate Market

The Daily Bell:

The Fed is now where mortgages go to die. Thousands of mortgages on homes that do not exist or on homes that have more than one "first" mortgage are now going to the Fed to disappear. Thousands of multifamily and commercial mortgages will be bought up as well. As this happens, trillions of dollars that have been amassed offshore will be free to come back into the US to buy up and reposition land, farmland, residential and commercial real estate and other tangibles.

With documents shredded, criminal liabilities extinguished and financial institutions made whole, funds can return without fear of seizure.

QE3 proves beyond any shadow of a doubt that the extent of the fraud was as bad as I said it was. You can count up the bailouts and QE1, QE2, QE3 the numbers speak for themselves. The fraud was indeed in the many trillions of dollars. It was intentional. It was a plan. [Emphasis mine.]

READ MORE

The Daily Bell is pleased to introduce our readers to editorials from Catherine Austin Fitts. Catherine is the publisher of The Solari Report, and managing member of Solari Investment Advisory Services, LLC and Sea Lane Advisory, LLC. Catherine served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration and was the president of Hamilton Securities Group, Inc. She graduated from the University of Pennsylvania (BA), the Wharton School (MBA) and studied Mandarin Chinese at the Chinese University of Hong Kong.

HAT TIP: Before It's News

I joined the resistance!

My first guest post.

Mortal combat in the White House

Computer World: Questions loom about Obama's cybersecurity plans

As opposition mounts to an executive order, question is whether White House will plow ahead or drop idea...

Those familiar with what's going on in Washington behind the scenes say the recent opposition is giving the White House pause. There are two forces in the White House on the matter, said one source who requested not to be named. One group is rethinking whether the executive [order] is such a good idea, he said. The other faction wants to act much more affirmatively than anybody expects, he said.

"They are in mortal combat," the source said.

Weird news for a weird world

Welcome to Batshit Crazy News

Will add it to my "News & Politics" section in the right panel (which has a whole slew of the absolute greatest news sources aimed to please the most conservative among us)!

Understanding Obama's Pro-Islamist Policy

What must be said...

Endnote: It must also be said--on the eve of the Jewish New Year--that there are people inside and around the Obama administration who consider Israel's very establishment to have been a mistake. These individuals regard Islamism as pliable and useful and in sync with history's "moral arc." Israel, the reborn Jewish state--thriving, against all odds--and Zionism, the national liberation movement of the Jewish people, which successfully solved the problem of Jewish political homelessness, are considered by such officials and advisers as at best anachronisms to be tolerated. At worst, they long for Israel's step-by-step dismantlement, or sudden destruction, and effectively--functionally--aid and make common cause with the enemies of the Jewish people who work night and day to complete Hitler's genocidal project.

READ MORE

Is this the October Surpise?

The Daily Pen:
ELIGIBILITY EXPERTS: FORGED PAPER VERSION OF OBAMA BIRTH CERTIFICATE COMING

The truth about Libyan Ambassador Chris Stevens

HillBuzz:

Dino explained in great detail that the brutal sodomizing of Stevens’ corpse was something that Muslims do to show the “utmost disrespect to the body” and that this is “a great insult in Islam” reserved for homosexuals.

READ MORE

John Hinderacker: "The Obama administration is engaged in a cover-up that it hopes can extend beyond the election."

Powerline:
I also explained why I think the administration’s cover-up is likely to fail...

Now we have proof that the State Department is scrubbing documents.

Ann Barnhardt: "This government is working consciously and overtly against fundamental human freedom, and has thus forfeited its legitimacy."

Repost: Rendering Unto Caesar (1 of 3)

Posted by Ann Barnhardt - September 11, AD 2012 12:11 PM MST

This was originally penned and posted on November 6, AD 2011. This is interesting because this was the Sunday after MF Global happened. It was still thought at this time that Corzine had stolen *only* a few hundred million dollars - not $1.6 billion, nor had it yet occurred to anyone that NO ONE would be held accountable for any of this. PFG Best hadn't yet happened. The Sentinel Ruling hadn't happened. The ObamaCare abortion and contraception mandates had not yet happened. And this was 10 days before I shut down Barnhardt Capital Management.

My decision has been confirmed as correct so many times over that there is no longer any question associated with it.

And now, ladies and gentlemen, is the hour in which the full and hideous scope of the horror that dares call itself “modern, Western Christianity” is revealed. After announcing my Federal tax strike, I have been overrun with sickening, nauseating email after email telling me that for me to enjoin a tax strike is “immoral”, “unchristian”, “contrary to scripture”, “pointless”, “a waste” and all the rest. To everyone who has sent such an email, and you know who you are, there are not words to express the depth of my disgust. I am ashamed – yes ASHAMED – of every single one of you. Your cowardice, your failure to grasp even the most rudimentary concepts of Christianity, starting first and foremost with the First Commandment, but most especially the shallowness of your discernment, is repellant to behold. Super-fun Rockband church and Pastor Jason, and the Marxist-homosexualist infiltrated Novus Ordo Catholic parishes with Father Liza-Judy and their bee-ess six-minute sermons about ABSOLUTELY NOTHING have cleared the battlefield for satan in a war of attrition that would make William Tecumseh Sherman blush with shame.

And let's not forget that other tool of satan which has sent every other clergyman pecker-down in the dirt to lick the hooves, wet with the liquid manure of political correctness and the running blood of the unborn, of the federal government in utter submission: the 501(c) exemption.
Here's your catechetics and civics lesson for the week.

“Render unto Caesar that which is Caesar's” is NOT a release from the First Commandment.
 
I had one guy email me and tell me that Jesus will not hold any of us responsible for any of the abortions in this country because we JUST HAVE to pay taxes and we have absolutely no choice in the matter. Bullshit. First, what the hell do you think is happening right now? Boys and girls, you are going to be held to account for sitting by and subsidizing the holocaust of the preborn. This country is being brought down as punishment for the genocide that every one of us is partially responsible for.

Secondly, apparently you all have been brainwashed into believing that the I.R. fricking-S is the most powerful entity in the universe, and that being condemned by the IRS is the worst and most permanent fate in the universe and in the realm of humanity. In other words, YOU IDIOTS WORSHIP THE I.R.S. ABOVE GOD. YOU FEAR THE I.R.S., BUT DO NOT FEAR GOD, HIS JUDGEMENT OR HIS WRATH IN THE SLIGHTEST. And you call yourselves Christian? Really?

Now let's think logically. The words, “Render unto Caesar that which is Caesar's; and render unto the Lord that which is the Lord's” have as a direct corollary the asking of a question. What is that question? Come on. Think. You can do this.

The question is, what rightfully belongs to Caesar and what rightfully belongs to God? The God part is easy. EVERYTHING belongs to God. Uh-oh. Now we have a mathematical conundrum, don't we? If we believe in God, and we believe in the First Commandment, then “Caesar” is truly OWED nothing. We can CONSENT to pay taxes in a spirit of truth, justice, solidarity and freedom, but only if those four specific ends are served by our taxes.
 
Let's go through each of the four:

TRUTH:
Barack Obama is a usurper. He is constitutionally ineligible to hold the office of the presidency, and he knows this, the entire Congress knows this, the entire upper-echelon of the military knows this, the entire intelligence community knows this, and the SCOTUS knows this. Barack Obama is an enemy of the United States, who is in a state of open, declared war upon it, its constitution and its people. This is the absence of truth. We are being “led” by a human lie, backed by an entire government of oath-breaking liars. Therefore, the government is illegitimate and has forfeited its licitness.

JUSTICE:
The Rule of Law is effectively dead. From the presence of Obama himself in the White House, to the lawless Department of Justice, to Fast & Furious, to Solyndra, to the unconstitutional “czars” and “executive orders”, to the Federal Reserve, this is a society ruled by a government of men, not laws. When government is ruled by men and not laws, the determining criterion of how government relates to people becomes brute force of arms and violent coercion, and not transcendent truth. We are utterly deprived of justice by the government itself, and thus the federal government has forfeited its legitimacy. (Note: Remember that when this was originally written, the full knowledge and scope of the financial market lawlessness was not yet known. MF Global had happened only six days earlier.)

SOLIDARITY:
The government is inciting both race-centered, age- centered and class-based antagonism and violence. In declaring pre-born children non-human, a genocide has been legally sanctioned that has cost 50 million lives AND COUNTING. ObamaCare is poised to exterminate the elderly by determining that their lives are not worth living. The government is consciously and expressly trying to break down solidarity amongst citizens along race and class lines, and in that action it forfeits its legitimacy.

FREEDOM:
From ObamaCare, to the TSA, to the forced acceptance of sexual perversions, to forced “political correctness”, to the overt support of Sharia law and muslim sedition, to the destruction of the Free Exercise and Equal Protection clauses, this government is working consciously and overtly against fundamental human freedom, and has thus forfeited its legitimacy.

The missing scene that the Clinton's forced ABC & Disney to remove from "The Path to 9/11"

Do you remember that the Clinton's forced an edit before this was aired?

And, keep this comment from Australian Bob Downe on 9/11/06 in mind:

"I can't believe how many have commented and bagged it out without actually seeing it!"

(I can. Liberals are great at censorship.)

Last year [September 10-11, 2006], ABC and Disney appeared to cave to political pressure from Bill Clinton, Sandy Berger, and Democrat leaders in the Senate. As a result, a key scene that was critical of the Clinton administration's mishandling of Osama bin Laden never made it to broadcast television. To this day, Disney refuses to release the movie on DVD.

And, as far as Sandy Berger goes, I consider this to be as great an unsolved mystery as the the Kennedy assassination!!

HERE IS THAT MISSING SCENE (04:47):

Clarity

HeartChanger.com

Sea of Love?

Nah. It's the sea of pious leftist bilge now.

Obama's Middle East mess

The American Interest: The Day The Roof Fell In

Obama: "Very much into older, white guys."

Investigative journalist Wayne Madsen, who worked with the National Security Agency from 1984 to 1988 as a Navy intelligence analyst: "It is common knowledge in the Chicago gay community that Obama actively visited the gay bars and bathhouses in Chicago while he was an Illinois state senator."

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A line in the sand

I am sick of the Jews in America who continue to defend this pathetic excuse for a President. At this point, I just feel like "f*ck 'em." I'm "exhausted of" trying to convince people not to willingly walk into another version of a gas chamber (even though, this time, everything'll be "green").

White House declines Netanyahu request to meet with Obama

God Bless America...and keep New York City in your prayers.

Never forget.

Beware "The Advancement Project"

The Advancement Project describes itself as a “multi-racial civil rights organization” that works “‘on the ground’ helping organized communities of color dismantle and reform the unjust and inequitable policies that undermine the promise of democracy.” The organization states, ” Simultaneously, we have aggressively sought and seized opportunities to promote this approach to racial justice.”

It was founded in 1999 and has offices in Los Angeles and Washington, D.C.

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HOPELESSNESS is the new HOPE

And failing upward is the new change.

Or how a cult hero became the new Jim Jones on the eternal search for a "socialist paradise" in the quest for national suicide.

WELCOME TO THE NATIONAL TEA PARTY

Just saw on Facebook: It's a Non-Profit Organization

Welcome to the National Tea Party, a new political party dedicated to the heretofore abandoned principles upon which this country was formed: life, liberty, and the pursuit of happiness.

Our platform is simple:

1. No deficit spending. If the federal government doesn’t have the money they cannot beg, borrow, and steal to get it.
   
2. An international gold standard or an equivalent. Presently the Federal Reserve can tax every citizen by printing trillions of dollars that are not backed by anything tangible thereby devaluing the currency. Restricting their ability to print money will protect the value of our dollar and greatly reduce the ability of the government to tax citizens without their permission.
   
3. Federal and state term limits. Why? Those who are attracted to power are attracted to politics in part because there is life tenure.
   
4. True separation of powers. This means the elimination of administrative agencies that act as prosecutor, judge, and jury. Those functions were meant to be handled by the judiciary. Therefore the federal agencies must be eliminated or their judiciary powers removed, and the judiciary must be prevented from legislating from the bench by allegorical readings of state and federal laws.
   
5. Removal of the Commerce Clause from the United States Constitution. For too long Congress has abused this clause to regulate everything under the sun. It’s time they went back to being representatives of the people and not “law”makers. Those laws are generally written for the benefit of their corporate constituents and special interests.
   
6. Corporate accountability and the elimination of all corporate lobbying. Freddie Mac, Fannie Mae, and other quasi government agencies will no longer be permitted to buy off politicians. However, private individuals should be allowed to give as much as they desire in keeping with principles of liberty.
   
7. An amendment for a flat tax that is non-adjustable. This will allow us to finally get rid of a bloated tax code that was written by corporate lobbyists and special interests.
   If we protect life, liberty, and the pursuit of happiness we will once again be a great nation. Please share these 7 principles with your friends and invite them to join our cause on July 4th at the gates of the White House for a National Tea Party!

The Historical Reality of the Muslim Conquests

Taken together, these accounts (which are primarily based on older accounts—oral and written—tracing back to Muhammad and his successors) provide what was once, and in the Muslim world still is, a famous story: that Allah had perfected religion (Islam) for all humanity; that he commanded his final prophet (Muhammad) and community (Muslims) to spread Islam to the world; and that the latter was/is to accept it either willingly or unwillingly (jihad).

It should be noted that contemporary non-Muslim accounts further validate the facts of the conquests.

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Windows on the World...a poignant, small surprise

I was just going through some cookbooks to see what I wanted to have my husband take to the swapmeet. Even though it's mostly electronics (and requires, interestingly, a ham radio license in order to be a seller there), he finds that my old cookbooks are really hot sellers!

In a book published in June, 2001, I just now found a recipe from the restaurant in the World Trade Center (Windows on the World) for "Roasted Wild Turkey with Cornbread-Bacon Dressing".

This book is a collection of recipes from various restaurants, most of which are in the Los Angeles (or Southern California) area except for a few, like this one.

It calls for a 12-14 pound Turkey so my husband, who wants me to save this book because of it's symbolic value, asked if we (me) could make this for Thanksgiving!

I woud try and type it out for you, but it's awfully long and that would probably be a violation of the book's copywright. Oh well.

Sadly, I'll bet that this recipe died with all of the people who were victims on that horrible, fateful day: September 11, 2001.

Are Republicans fooling themselves?

Stanley Kurtz thinks so...

And so does John Hinderacker and Andrew McCarthy!

I'm worried...and you should be too.

2 million seniors taken from Medicare, put into voucher programs!

HotAir.com reports this interesting new development that comes the day after the Democratic Party's convention:

I know that every campaign promise Barack Obama makes has an expiration date … but this is ridiculous. The confetti is barely off the floor at the Time Warner Cable Arena in Charlotte, North Carolina after Obama’s acceptance speech, and already we find out that he’s flip-flopped.

Surprise! HHS pilot program to send 2 million poor seniors from Medicare into … voucher programs

California is already counting on more than $500 million in budget savings from its own program this year.

Obama More Flexible on Medicare Than Rhetoric Suggests

("Bear in mind that Ryan’s plan made the vouchers optional ...")

10 November 2008: PRESCIENCE...or PERSPICACITY?

The night we waved goodbye to America... our last best hope on Earth

by Peter Hitchens (excerpt):

Anyone would think we had just elected a hip, skinny and youthful replacement for God, with a plan to modernise Heaven and Hell – or that at the very least John Lennon had come back from the dead.

The swooning frenzy over the choice of Barack Obama as President of the United States must be one of the most absurd waves of self-deception and swirling fantasy ever to sweep through an advanced civilisation. At least Mandela-worship – its nearest equivalent – is focused on a man who actually did something.

I really don’t see how the Obama devotees can ever in future mock the Moonies, the Scientologists or people who claim to have been abducted in flying saucers. This is a cult like the one which grew up around Princess Diana, bereft of reason and hostile to facts.

It already has all the signs of such a thing. The newspapers which recorded Obama’s victory have become valuable relics. You may buy Obama picture books and Obama calendars and if there isn’t yet a children’s picture version of his story, there soon will be.

Proper books, recording his sordid associates, his cowardly voting record, his astonishingly militant commitment to unrestricted abortion and his blundering trip to Africa, are little-read and hard to find.

If you can believe that this undistinguished and conventionally Left-wing machine politician is a sort of secular saviour, then you can believe anything. He plainly doesn’t believe it himself. His cliche-stuffed, PC clunker of an acceptance speech suffered badly from nerves. It was what you would expect from someone who knew he’d promised too much and that from now on the easy bit was over.

He needn’t worry too much. From now on, the rough boys and girls of America’s Democratic Party apparatus, many recycled from Bill Clinton’s stained and crumpled entourage, will crowd round him, to collect the rich spoils of his victory and also tell him what to do, which is what he is used to.

Just look at his sermon by the shores of Lake Michigan. He really did talk about a ‘new dawn’, and a ‘timeless creed’ (which was ‘yes, we can’). He proclaimed that ‘change has come’. He revealed that, despite having edited the Harvard Law Review, he doesn’t know what ‘enormity’ means. He reached depths of oratorical drivel never even plumbed by our own Mr Blair, burbling about putting our hands on the arc of history (or was it the ark of history?) and bending it once more toward the hope of a better day (Don’t try this at home).

I am not making this up. No wonder that awful old hack Jesse Jackson sobbed as he watched. How he must wish he, too, could get away with this sort of stuff.

And it was interesting how the President-elect failed to lift his admiring audience by repeated – but rather hesitant – invocations of the brainless slogan he was forced by his minders to adopt against his will – ‘Yes, we can’. They were supposed to thunder ‘Yes, we can!’ back at him, but they just wouldn’t join in. No wonder. Yes we can what exactly? Go home and keep a close eye on the tax rate, is my advice. He’d have been better off bursting into ‘I’d like to teach the world to sing in perfect harmony’ which contains roughly the same message and might have attracted some valuable commercial sponsorship.

Perhaps, being a Chicago crowd, they knew some of the things that 52.5 per cent of America prefers not to know. They know Obama is the obedient servant of one of the most squalid and unshakeable political machines in America. They know that one of his alarmingly close associates, a state-subsidised slum landlord called Tony Rezko, has been convicted on fraud and corruption charges.

They also know the US is just as segregated as it was before Martin Luther King – in schools, streets, neighbourhoods, holidays, even in its TV-watching habits and its choice of fast-food joint. The difference is that it is now done by unspoken agreement rather than by law.

If Mr Obama’s election had threatened any of that, his feel-good white supporters would have scuttled off and voted for John McCain, or practically anyone. But it doesn’t. Mr Obama, thanks mainly to the now-departed grandmother he alternately praised as a saint and denounced as a racial bigot, has the huge advantages of an expensive private education. He did not have to grow up in the badlands of useless schools, shattered families and gangs which are the lot of so many young black men of his generation.

If the nonsensical claims made for this election were true, then every positive discrimination programme aimed at helping black people into jobs they otherwise wouldn’t get should be abandoned forthwith. Nothing of the kind will happen. On the contrary, there will probably be more of them.

And if those who voted for Obama were all proving their anti-racist nobility, that presumably means that those many millions who didn’t vote for him were proving themselves to be hopeless bigots. This is obviously untrue.

Two visions

The battle in this country is, very simply, the battle between two visions of where we should go. One vision depends on growing the government and the other vision depends on slowing that growth down and then trying to reduce the size of government.

The part that's not simple is trying to explain this to people who really aren't interested, but who vote anyway.

I've had countless discussions with people who do not want to talk about WHY they want to re-elect Barack Obama, they just do. Some of them literally do not allow you to say anything at all if it's negative about him (two of them literally did the "la-la" routine to prevent it). This is cult behavior plain and simple. Asking one of them why they didn't like Paul Ryan produced: "Because he's an asshole." This is another version of the "la-la" routine.

There's not a lot of hope in resolving anything with serious discussions in this kind of environment and so our future now rests upon the popularity of a cult hero. If Obama wins, we lose the country as founded. If he doesn't, we have a chance in keeping what our forefathers fought and died for.

And for the support of this declaration, «with a firm Reliance on the Protection of divine Providence,» we mutually pledge to each other our lives, our Fortunes, & our sacred Honor.

One problem is that the bigger government types do not like our founding documents and want to somehow change them or make them irrelevant or replace them entirely.

This is completely unacceptable to me and to conservatives everywhere and this is why the Tea Party came into existence in the first place.

This is a battle unto death.

40 Statistics That Will Absolutely Shock You

Are you really better off today than you were 4 years ago? READ MORE

Now there's TWO things I'll never do again...

Hal David (lyrics) - Burt Bacharach (music)

Here's #2!

The Democrats booed G-d

Tea Party Nation reports.

Are you caught in the Facebook Trap?

Catholic writer Elizabeth Scalie nails it in this piece: Idols Come in Many Forms; Facebook Feeds Them

...the insidious trap I discuss in my First Things piece — the trap so many of us at one time or another find ourselves struggling to get out of, where we are caught up in the whirlwind of politics (so much of which is illusory) and into thinking that we must, we must, we must, keep breathlessly posting on Facebook; that the nation’s fate depends upon us not stopping to consider (or to pray, or to even think) but simply remaining in the spin of the storm, until we lose sight of everything, including the humanity of others, or the damage we may be causing that was never our willful intent.

This is scary because I've felt it...I've seen it...and her advice is critical for our bodily health and our souls (comes just in time for a lot of us):

...some of us are simply nourishing our ideologies—holding them close to the heart and feeding them on our stores of distrust and bitterness—and allowing them to steal all of our instincts to charity, to squeeze out mercy. You can see it on social media, most especially on Facebook where respectable, even admirable, people are beginning to lose perspective and attack each other over news stories, and sometimes over simple questions, reasonably asked. Where angry banning won’t do, full-scale attacks are launched in the form of threads full of red-meat, wherein “friends” are invited to feed, so the hatred may grow.

And it is all done in service to a sad illusion that somehow, if we do not post every story that makes us angry or proves our point, if we do not constantly attempt to fix the erroneous thinking of others, this election will fall out of our control. [Emphasis mine.] We must be aggressive unto hysteria in our righteousness, or the other side will win.

OMG: people really ARE disappearing all across America! - UPDATE

KIDNAPPED MARINE SPEAKS OUT AGAINST GOVERNMENT TYRANNY

• Hundreds of thousands of people across the United States have already been picked up


• 20,000 in Virginia


• 20 people disappeared in Brandon Raub's own county before August was even over yet!

What the "F" is going on here???

UPDATE:

New Obama Executive Order Will Nationalize Demonization Of US Veterans As Mentally Ill

This kind of control over citizens by government was practiced by Mao in China, Communist Russia and Nazi-controlled Germany. As following in the footsteps of previous dictators, Obama is proving himself to be the next in a dangerous line of Fascist controllers who will imprison his own military if need be to accomplish his goals set forth for him by the global Elite.

Don't forget: Some of our military would NOT fire on U.S. civilians even if given the order...and some would. Which group is this Executive Order aimed at?

A Day in the Life of a Web Designer

$28 million PLANNED PARENTHOOD fraud suit

EVERYTHING YOU NEED TO KNOW

Previously unpublished documents reveal Obama's private sector disaster

With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans

The truth about Paul Ryan

Progressive bloggers and TV personalities are up in arms about Paul Ryan’s speech at the Republican National Convention last night. Several of their accusations revolve around Paul Ryan’s own fiscal record, and his description of President Obama’s. I asked my liberal friends on Twitter to send me an itemized list of Ryan’s alleged lies, and they kindly obliged. So far, Ryan appears to have the better of the argument.

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‘Top-Down’ vs. ‘Bottom-Up’

Which path to job creation and prosperity do we prefer: A continued emphasis on trusting government with top-down economics, or greater emphasis on trusting consumers and entrepreneurs with trial-and-error bottom-up economics?

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What's the best state to live in?

Pros And Cons For All 50 States

Understanding Inflation

VIDEO: This is extremely important given that Obama's Fed Chairman (Ben Bernanke) is considering another round ("QE3") of "printing" money!

GOP Adopts Strongly Pro-Gun Platform

As each party does every four years as part of their national conventions, this week, the Republican Party adopted its platform detailing the general beliefs and policy positions of the party.

Included in the 2012 Republican platform is a strong statement of support for the individual right to keep and bear arms, which goes beyond a generic statement of support for the Second Amendment and includes specific statements on key issues of concern to gun owners.

Here is the text on the Second Amendment included in the platform.